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%.
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.
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.
Consumer Alert: Unlikely allies team up, aiming to cap credit card rates
In an unexpected move, two senators from opposite ends of the political spectrum are joining forces to tackle high credit card interest rates. Senator Bernie Sanders, a far-left politician, and Senator Josh Hawley,
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%.
Should US cap credit card interest rates?
There's a new bill getting bipartisan support in Congress and it could have a big effect on your wallet. It would cap credit card interest rates at 10 percent. Senators Bernie Sanders and Josh Hawley
Legislation introduced to cap interest rates on credit cards
There is a bipartisan push in congress to limit interest rates on credit cards to ten percent. While this might face an uphill climb, President Trump did back a credit card cap on the campaign trail.
Bernie Sanders And Josh Hawley Will Be Mugged By Interest Rate Reality
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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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Current credit card interest rates [2025]: How do your cards stack up?
The average credit card interest rate is 22.80%, according to November 2024 Federal Reserve data — a significant jump from the average 16.98% rate in 2019. However, the current credit ...
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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
The Bank of England base rate can affect everything from your mortgage to the rates applied to credit cards - we round up ...
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, ...