Two Senators Want to Cap Credit-Card Rates at 10%. Banks Say That Would Cut Credit Access
A bipartisan pair of senators want to cap your credit-card interest at less than half the typical rate. They may have President Trump's support—but banks aren't so excited.
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On the flip side, Sara Rathner, with NerdWallet, said 90% of Americans do not consider credit card debt to be a deal breaker.
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What would be the impact of a credit card interest rate cap?
New legislation in Congress that would cap credit card interest rates at 10% that has the backing of President Trump could ...
Josh Hawley works with Bernie Sanders to cap credit card interest rate at 10%. What? | Opinion
He introduced a bill with Vermont’s left-wing legislator, but it’s not the strangest bipartisan effort from the Missouri ...