Changing the law or pressuring regulators does not change the underlying economics. Interest rates are not arbitrary numbers set to frustrate consumers. They are prices, and like all prices, they ...

President Trump has proposed a 10% cap on credit card interest – a popular idea among consumers but experts warn of major ...

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 ...

The biggest credit-card issuers collected about $146 billion in revenue last year from America’s reliance on debt. The combined results from JPMorgan Chase, American Express, Capital One and Citigroup ...

President Donald Trump has reignited the debate over credit-card costs, calling on companies to cap interest rates at 10% for one year. In a Truth Social post on Friday, Trump said the cap would take ...

Perhaps feeling the heat of “affordability” concerns, President Donald Trump recently revived one of those bad ideas that never seem to die: a cap on credit card interest rates. His current proposal ...

WASHINGTON — President Donald Trump's headline-grabbing ultimatum for a 10% interest rate cap on credit cards failed to materialize by his self-imposed deadline of January 20th. Processing Content ...

On Friday, President Trump called for a one-year cap of 10% on credit card interest rates, set to begin Jan. 20. Without congressional legislation, implementing a rate cap would likely be challenging.