Forbes Advisor’s weekly credit card rates report indicates that the current average credit card interest rate is 25.35%. The ...
President Donald Trump’s push to get credit card companies to voluntarily cap interest rates at 10% has gone nowhere. But consumer advocates say Americans strug ...
Young and the Invested on MSN
Wall Street's reaction to the 10% APR cap on credit cards idea
This article discusses President Donald Trump's recent call for a one-year cap of 10% on credit card interest rates and the reactions from Wall Street and financial analysts.
President Donald Trump called for credit card companies to cap interest rates at 10%, roughly half the industry average, effective Jan. 20. That date arrived, and credit card rates have hardly budged.
The federal cap that Trump has proposed would, in theory, prevent issuers from gouging customers. But not everyone agrees it ...
Implementing a 10 percent cap on credit card interest rates would result in a significant reduction in credit availability, ...
A proposal pitched as a way to help consumers struggling with interest rates is unsettling the financial sector. As President ...
If your card balances have ballooned, whether from year-end holiday spending or unexpectedly higher expenses, here are some ...
Susan Cannon, 73, owes nearly $40,000 across 19 credit cards. High interest rates are preventing her from retiring.
"No more delays. It’s time to deliver relief for American families," U.S. Sen. Elizabeth Warren, D-Mass., said.
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