SENS. BERNIE SANDERS AND JOSH HAWLEY: Cap credit card interest rates at 10%
In his "Divine Comedy," Italian poet Dante Alighieri reserved a special place in the Seventh Circle of Hell for people who ...
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 new bill in Congress would cap credit card interest rates at 10%. But the limits could harm consumers, experts warn
they can also be a debt trap with no escape. Like Robin Hood in reverse, credit card companies take the interest payments ...
Capping credit card interest is a truly awful idea
Sen. Josh Hawley said he has teamed up with the consummate supporter of every bad economic idea, Sen. Bernie Sanders, to ...
Josh Hawley, Bernie Sanders propose capping credit card interest rates at 10%
Senators Bernie Sanders and Josh Hawley introduced new legislation that would cap interest rates on credit cards at 10% to ...
USA Today6d
A bill would cap credit card rates at 10%, echoing a Trump pledge. Are there downsides?
“Capping credit card interest rates at 10%, just like President Trump ... financially fragile Americans could no longer use credit cards, the analysts said. Young consumers, entering the ...
Washington Examiner8d
Credit card rewards at risk with new interest rate limit legislation
“While working Americans catch up, we’re going to put a temporary cap on credit card interest rates at 10%. We have no choice,” he said at the time. Treasury Secretary Scott Bessent was ...
Credit card debt hit a record $1.21 trillion — here's why ‘no one should be surprised,' expert says
Credit card balances rose in the fourth quarter of 2024, the New York Fed found. Consumer spending continues to remain strong ...
Fox News4d
Capping credit card interest is a truly awful idea
And no, I don’t believe in "usury ... of capping credit card interest. If credit card interest is capped, particularly in a high-interest rate environment, expect many middle- and lower-class ...
Forbes4d
What Is The Average Credit Card Interest Rate?
No single credit card is the best option for ... When looking for a good credit card interest rate, strive for an APR lower than the national average. However, even a “good” rate may pale ...
NBC Chicago7d
A new bill would cap credit card interest rates at 10%. Here's what that could mean for your money
Capping credit card interest rates could limit borrowers' access to ... which can have an average APR of 400%. "There's no evidence that APR caps make consumers better off or save them money ...