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.
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.
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%.
Bipartisan bill would cap credit card interest at 10%
A new bipartisan bill introduced in Congress on Tuesday would cap the interest rate that credit card companies can charge at 10%. The bill has bipartisan support from unusual bedfellows: U.S. Sens. Josh Hawley,
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%.
Sanders and Hawley introduce bill to cap credit card interest at 10%
President Donald Trump backed lowering credit card interest rates during his 2024 campaign, and the bill attempts to hold him to his promise.
The Pros and Cons of a 0% Balance Transfer
Usually, 0% balance transfer cards offer a 0% rate for a limited period, such as 12 to 18 months. You can structure your debt ...
The senators want to cap interest at 10%, fulfilling a campaign promise made by President Donald Trump
Political odd couple Josh Hawley and Bernie Sanders on Wednesday announced they are jointly sponsoring a bill that would force credit card issuers to cut interest rates to 10%, which would ostensibly ...
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Which credit cards have the best interest rates?
If you already carry a balance on your credit card, you're likely being hit with high interest charges that make it harder to pay off debt. The average APR for all credit card accounts is ...
Learn How Dental Credit Cards Work Before Using One
Patients may think dentists are extending payment for costly procedures, but some could be steering clients to a ...