Credit card companies are coming under bipartisan attack in Washington as persistent inflation leaves many Americans struggling to make ends meet. The economic uncertainty has even put President ...

A proposed 10% cap on credit card interest rates may sound appealing on first blush, but some industry experts are warning of unintended consequences. Such a rate cap, they say, could result in more ...

In this episode of PennyWise, host John Kiernan and guest Brett House, a Professor of Economics at Columbia Business School, talk about how a 10% cap on credit card interest rates would affect ...

President Donald Trump just urged passage of a federal 10% credit card interest rate cap. This means that a legislative proposal filed in Congress by Sen. Bernie Sanders (I-Vt.) will likely soon be ...

When headlines broke about President Trump’s proposal to cap credit card interest rates at 10% for 12 months there was an immediate reaction from consumers and banks with a mix of positive emotion and ...

With average credit card interest rates still hovering above 20%, even modest balances can add thousands of dollars a year in unnecessary debt. A proposal floated by President Donald Trump to ...

JPMorgan Chase CEO Jamie Dimon issued a stern warning about President Donald Trump's credit card rate cap at the World Economic Forum in Davos on Wednesday, saying that it would be an "economic ...

Jamie Dimon said Trump's proposed cap on credit card interest rates could hurt 80% of Americans. Speaking at Davos, Dimon predicted that everyday Americans would hurt more than big banks. Other ...

President Trump arrives to deliver a special address at the World Economic Forum in Davos, Switzerland, on Wednesday.Mandel Ngan/AFP/Getty Images President Trump revived his call for a temporary cap ...

Jan 21 (Reuters) – JPMorgan Chase CEO Jamie Dimon warned on Wednesday that a proposal to cap credit card interest rates would amount to economic disaster, while U.S. President Donald Trump doubled ...

NEW YORK — President Donald Trump a week ago told the credit card industry it had until Jan. 20 to comply with his demand for a 10% cap on interest rates. With just days to go, consumer groups, ...

The proposal could lower borrowing costs, but critics warn of reduced credit access and fewer rewards. Many or all of the products on this page are from partners who compensate us when you click to or ...