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 ...
A bill would cap credit card rates at 10%, echoing a Trump pledge. Are there downsides?
A bill would cap credit card rates at 10%, something Trump promised on the campaign trail. Will Trump follow through? Will ...
You Might Not Realize What Happens When You Max Out Your Credit Card
Maxing out your card can hurt your credit score, trigger penalties and high APRs, get your account closed, or there may be no ...
Fox News4d
Capping credit card interest is a truly awful idea
Bernie Sanders, I-Vt., to introduce an arbitrary 10% cap on credit card interest rates, something that President Donald Trump did float during the election. However, while Trump is doing a ...
CNBC17d
Credit card late fees cost Americans billions a year — now they're capped at $8
The bureau alleges some credit card companies have made them a ... The card also has no annual fee and no penalty APR, so your interest rate won't spike if you're late with a payment.
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.
A new bill in Congress would cap credit card interest rates at 10%. But the limits could harm consumers, experts warn
But for many consumers, they can also be a debt trap with no escape. Like Robin Hood in reverse, credit card companies take ...
USA Today10d
Sanders and Hawley introduce bill to cap credit card interest rates at 10%
Bernie Sanders, I-Vt., and Josh Hawley, R-Mo., introduced a bill on Tuesday that would cap credit card interest rates at 10% − an effort by two lawmakers who rarely see eye to eye. Credit card ...
Washington Examiner8d
Credit card rewards at risk with new interest rate limit legislation
Sens. Bernie Sanders (I-VT) and Josh Hawley (R-MO) introduced the bill on Thursday that would cap credit card interest rates for five years. The bill has been referred to the Committee on Banking ...