President Donald Trump noted at the Detroit Economic Club that he's calling to cap credit card rates at 10% for a year.
Trump's year-long cap on credit card interest is "well-intentioned," say experts, but it poses significant risks.
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Trump's 10% credit card rate cap is meant to help struggling borrowers, but industry data shows 80% of accounts could be cut off, hitting those borrowers hardest.
With credit card interest rates near modern highs, President Trump says he wants to cap the rates for one year.
President Donald Trump has said there will be a one-year cap on credit card interest rates set at 10%. What is the average?
Discover how your credit card bill compares to the U.S. average and learn ways to manage debt, lower interest costs, and take control of your spending.
You can stop bleeding interest on credit card debt with one of these cards, allowing you to transfer a balance and not pay interest for as long as 24 months.
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There is much to take away from the CFPB review of the credit card market. In 2024, purchase volume increased to $3.6 ...
If you've ever owned a credit card before, chances are you're familiar with the term "APR," or annual percentage rate. For specifically credit cards, your purchase APR is essentially your interest ...
If you were hoping the Federal Reserve's December rate cut would make your credit card bill easier to pay off, credit specialist John Ulzheimer says there are other, more important factors to consider ...