This Week In Credit Card News: Senators Propose 10% Cap On Interest Rates
Josh Hawley, Bernie Sanders Propose Capping Credit Card Interest Rates At 10% ...
A new bill in Congress would cap credit card interest rates at 10%. But the limits could harm consumers, experts warn
A new bill sponsored by Sens. Sanders and Hawley would cap credit card APRs, but that could reduce access to credit and ...
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 reshape financial services, though it would carry a cost.
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.
Bernie Sanders, Josh Hawley introduce bill to cap credit card interest rates. What to know
Sen. Bernie Sanders of Vermont and Sen. Josh Hawley, a Republican from Missouri, introduced legislation to cap credit card ...
Sanders, Hawley introduce credit card interest rate cap bill
In an unlikely union, Republican Sen. Josh Hawley and independent Sen. Bernie Sanders have locked arms to ...
USA Today3d
A bill would cap credit card rates at 10%, echoing a Trump pledge. Are there downsides?
Amid surging credit card interest rates and rising delinquencies, a bill with bipartisan support would cap rates at 10%, about half the current average, for five years. The legislation would ...
AOL6d
A new bill in Congress would cap credit card interest rates at 10%. But the limits could harm consumers, experts warn
Credit card interest rates vary widely depending on the unique ... and Roger Marshall (R-KS), targets the dominance of payments processors Visa and Mastercard—which together took in $93 billion ...
A new bill would cap credit card interest rates at 10%. Here's what that could mean for your money
A bill to limit the interest rate on credit cards has been introduced in Congress. The banking industry says capping rates ...
Forbes1d
What Is The Average Credit Card Interest Rate?
Evan Coleman is an Updates Editor on the Credit Cards and Travel Rewards team at Forbes Advisor, showcasing his interest in personal finance and love of travel. He has written for a variety of ...
U.S. News & World Report6d
Would a 10% Credit Card Interest Rate Cap Be a Totally Good Thing for Consumers?
On Tuesday, two U.S. senators proposed a bill that would cap credit card interest rates at 10%. While a 10% cap would help consumers exponentially with their credit card debt, it could have ...
NBC New York4d
A new bill would cap credit card interest rates at 10%. Here's what that could mean for your money
The median annual percentage rate (APR) on credit cards is near 25%. Credit card companies charged consumers more than $105 billion in interest in 2022, according to the Consumer Financial ...