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.

Like Robin Hood in reverse, credit card companies take the interest payments from those who carry a balance and redistribute ...

A bill to limit the interest rate on credit cards has been introduced in Congress. The banking industry says capping rates ...

Sens. Bernie Sanders and Josh Hawley agree it's time to help Americans dig out from debt. They are working together to limit credit card interest rates, where people owe $1.17 trillion.

Use your card for everyday spending and bills: Earning more rewards with a flat-rate card is easiest when you use it for groceries, gas, dining out, utility bills and other purchases you would ...

Amid surging credit card interest rates and rising delinquencies, a bill with bipartisan support would cap rates at 10%, about half the current average, for five years. The legislation would ...

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 ...

Sen. Bernie Sanders of Vermont and Sen. Josh Hawley, a Republican from Missouri, introduced legislation to cap credit card interest rates at 10% this past Tuesday. The legislation would be in ...

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 ...

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 ...

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 ...