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President Donald Trump called for credit card companies to cap interest rates at 10%, roughly half the industry average, effective Jan. 20. That date arrived, and credit card rates have hardly budged.

United States President Donald Trump has announced plans to cap credit card interest rates at 10 percent for one year, effective January 20, the date of his inauguration. Trump, who first proposed ...

Bankers argue that the proposal is often framed as consumer‑friendly, but consumers could face reduced access to affordable credit. Some 47 percent of credit cardholders report having a credit card ...

NEW YORK (AP) — Reviving a campaign pledge, President Donald Trump wants a one-year, 10% cap on credit card interest rates, a move that could save Americans tens of billions of dollars. However, it ...

The recent 10% credit-card interest-rate cap proposed by Donald Trump triggered a frenzy of responses from the financial giants. JPMorgan Chase CEO Jamie Dimon warned of an “economic disaster,” a view ...

This is read by an automated voice. Please report any issues or inconsistencies here. Trump revives campaign pledge to cap credit card interest rates at 10%, potentially saving Americans billions.

Bankers argue that the proposal is often framed as consumer‑friendly, but consumers could face reduced access to affordable credit. Some 47% of credit cardholders report having a credit card balance, ...