President Donald Trump has floated the possibility of a one-year rate cap ...

President Donald Trump called for a 10% cap on credit card interest rates. Here's what experts say that could mean for ...

President Trump's proposal to cap credit card interest rates at 10% for one year could save consumers billions of dollars but hurt Americans with lower credit scores, according to financial experts.

In credit markets, interest rate caps lead to rejected applications, lower credit limits, and tighter underwriting for the highest risk, lowest income borrowers. Why? Because lenders don’t respond to ...

A former Senior Publishing Editor on the Dow Jones Newswires team at The Wall Street Journal, Aaron earned a Bachelor's degree in Economics from the University of Michigan and a Master's in Journalism ...

Bankers argue that the proposal is often framed as consumer‑friendly, but consumers could face reduced access to affordable credit. Some 47% of credit cardholders report having a credit card balance, ...

Carrying credit-card debt has become increasingly expensive over the past several years, but some warn that lower interest rates could reduce credit access President Donald Trump said in a ...

As part of a series of efforts to make life more affordable, President Donald Trump aims to help Americans with credit-card debt. After demanding on social media that credit-card lenders cap interest ...

Credit card interest can take a balance that seems manageable and make it balloon — sometimes into an amount that feels totally untenable. Part of the problem is how steep interest rates can be, often ...

In a move that has sent shockwaves through the financial industry, President Donald Trump took to Truth Social on Friday evening to announce his call for a temporary cap on credit card interest rates.