The plan would see rates temporarily capped at 10 percent, a proposal that has received broad backing from U.S. voters.

Steve Forbes lays out the unintended consequences of President Trump’s proposal to cap credit card interest rates at 10%.

With average credit card interest rates still hovering above 20%, even modest balances can add thousands of dollars a year in unnecessary debt. A proposal floated by President Donald Trump to ...

President Trump could lower costs quickly if he would follow through on his campaign promise to put a 10% cap on credit card interest rates.

President Donald Trump's push for credit card issuers to lower their interest rates has sparked a heated confrontation with Jamie Dimon, the CEO of JPMorgan Chase. In January, the president called for ...

Perhaps feeling the heat of “affordability” concerns, President Donald Trump recently revived one of those bad ideas that never seem to die: a cap on credit card interest rates. His current proposal ...

A proposal pitched as a way to help consumers struggling with interest rates is unsettling the financial sector. As President Donald Trump and other populist lawmakers push for a 10% cap on credit ...

We live in a nation of unprecedented wealth and income inequality — where a handful of billionaires are getting much richer while the working class falls further and further behind. Just since ...

A proposed 10% cap on credit card interest rates may sound appealing on first blush, but some industry experts are warning of unintended consequences. Such a rate cap, they say, could result in more ...

By David Shepardson ARLINGTON, Virginia, Feb 19 (Reuters) - The head of the trade group representing major U.S. airlines said ...

A top White House economist called on banks to cut credit card rates. Legislation to cap rates is highly unlikely, however. The interest rate outlook for banks is looking better suddenly. The Trump ...

Credit card companies are coming under bipartisan attack in Washington as persistent inflation leaves many Americans struggling to make ends meet. The economic uncertainty has even put President ...