Capping credit card interest rates at 10% could save consumers billions of dollars, but potentially hurt lower-income Americans, experts said.
President Trump’s call for a cap promises to save Americans billions in interest but also can lead to tightened access to credit.
As part of a series of efforts to make life more affordable, President Donald Trump aims to help Americans with credit-card ...
In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down how a 10% cap on credit card interest rates would impact Capital One Financial (NYSE: COF), and other credit card issuers ...
Tuesday was a deadline for President Donald Trump's 10% cap on credit card interest rates. Now he's calling on Congress to ...
Bankers argue that the proposal is often framed as consumer‑friendly, but consumers could face reduced access to affordable credit. Some 47 percent of credit cardholders report having a credit card ...
President Donald Trump called for a temporary 10% cap on credit card interest rates but did not provide details on how his plan would come to fruition or how he planned to make credit card issuers ...