A new bipartisan bill introduced by Representatives Alexandria Ocasio-Cortez and Anna Paulina Luna aims to cap credit card ...

Evan Coleman is an Updates Editor on the Credit Cards and Travel Rewards team at Forbes Advisor, showcasing his interest in personal finance and love of travel. He has written for a variety of ...

There is no federal law regarding maximum credit card interest rates, however, laws do exist at the state level. Here's what ...

New bipartisan legislation has been introduced to immediately enforce an interest rate cap of 10 percent on credit cards.

Credit card issuers base their variable interest rates off of the prime rate. Since this rate is directly influenced by the Fed's benchmark, a rate cut means that credit card APRs also drop.

Republican Rep. Anna Paulina Luna of Florida joins with Democratic Rep. Alexandria Ocasio-Cortez of New York to push a ...

That's less than half the going rate for new cards as well as existing ones.

it may also be considered when determining your interest rate. Because those with lower income and lower credit scores are seen as higher-risk borrowers, card issuers and other lenders will be ...

Several leading trade groups representing the financial services industry sent a letter to Hawley and Sanders outlining their opposition to the duo's proposed 10% credit card interest rate cap.

How are credit card rates ... the federal funds rate, which is set by the Federal Reserve’s Federal Open Market Committee. Essentially, the federal funds rate is the interest rate that banks ...

“Credit card bill will hurt those it’s supposed to help”: Capping credit card interest rates will adjust the game’s rules, but there are still billions to be made even with a 10 percent ...