A new bill in Congress would cap credit card interest rates at 10%. But the limits could harm consumers, experts warn
A new bill sponsored by Sens. Sanders and Hawley would cap credit card APRs, but that could reduce access to credit and credit card rewards programs.
Bernie Sanders, Josh Hawley introduce bill to cap credit card interest rates. What to know
Sen. Bernie Sanders of Vermont and Sen. Josh Hawley, a Republican from Missouri, introduced legislation to cap credit card interest rates at 10%.
Would a 10% Credit Card Interest Rate Cap Be a Totally Good Thing for Consumers?
Factors like your debt-to-income ratio, your income and existing debt all influence the interest rate on your credit card. And consumers who are considered high-risk are approved with a higher interest rate as a way for banks and issuers to compensate for the possibility of default.
Trump Promised a Cap on Credit Card Interest Rates. Here’s His Chance.
Senators Bernie Sanders and Josh Hawley say they will propose a 10 percent limit on credit card interest rates.
Congress is taking another bipartisan look at whether to cap credit card interest rates
There's a bipartisan debate underway in Congress to potentially cap credit card interest rates — and it involves an unlikely pair of lawmakers.
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 fulfill one of President Trump's campaign promises.
Senators move to cap interest rates on credit cards at 10%
A pair of senators are pushing a bill that would cap interest rates on credit cards in a move that would deliver on a campaign promise from President Trump.
Sanders and Hawley introduce bill to cap credit card interest rates at 10%
Sanders and Hawley’s bill comes after President Donald Trump vowed in the 2024 race to temporarily cap credit card interest rates at 10%.
Bipartisan bill would cap credit card interest at 10%
A new bipartisan bill is aimed at giving consumers a break when it comes to credit card interest rates, capping them at 10%.
New bill could cap credit card interest rates at 10%
An unlikely pairing of Senators have come together to go after something nobody likes, credit card interest rates, as they’ve ballooned to almost 30%.
3 ways to have your credit card debt forgiven this February
With credit card interest rates sitting at record highs and inflation continuing to strain household budgets, many Americans ...
What Is Deferred Interest, and How Does It Work?
Deferred interest is when your interest payments are placed on hold for a specific amount of time. But if you don't pay off the balance in full by the time your deferred interest window closes, you ...
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What Is The Average Credit Card Interest Rate?
Commissions do not affect our editors' opinions or evaluations. The average credit card interest rate is 28.61%, according to Forbes Advisor’s weekly credit card rates report. The ...
Bank of England cuts interest rates to 4.5% - what it means for your money
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Savings, CD, and Checking Account Interest Rates Today: Earn Over 4% APY
Open a new bank account today and earn a top interest rate. Our experts have researched the best rates on checking, savings, ...
Bernie Sanders And Josh Hawley Will Be Mugged By Interest Rate Reality
Despite what Fed officials, economists, and their media enablers tell you, there’s no such thing as costless credit. This is ...