Sen. Josh Hawley (R-Mo.) and Sen. Bernie Sanders (I-Vt.) introduced bipartisan legislation to cap credit card interest rates.

The average credit card interest rate is 22.80%, according to November 2024 Federal Reserve data — a significant jump from the average 16.98% rate in 2019. However, the current credit card ...

Sen. Bernie Sanders of Vermont and Sen. Josh Hawley, a Republican from Missouri, introduced legislation to cap credit card ...

The effects of the coronavirus "remain highly uncertain and the situation remains a fluid one," Powell explained ... such as interest rates on credit cards, mortgages, loans, savings accounts ...

With the federal funds rate still high, expect credit card APRs to stay elevated too. Work on paying down your credit card debt. At its first meeting of the year, the Federal Reserve voted to ...

Make sure to check other factors such as the need for a credit card, the interest rate levied on it, other fees charged etc., before getting a credit card.

Almost more troubling than the total amount of U.S. credit card debt are the sky-high interest rates consumers owe on their balances—APRs that have been climbing higher as market interest rates ...

Sanders and Hawley’s bill comes after President Donald Trump vowed in the 2024 race to temporarily cap credit card interest ...