The plan would see rates temporarily capped at 10 percent, a proposal that has received broad backing from U.S. voters.

Steve Forbes lays out the unintended consequences of President Trump’s proposal to cap credit card interest rates at 10%.

A Forbes report explained that a cap on interest rates — which can serve as a tool for pricing risk — wouldn’t simply shield lower-income Americans from relatively high rates. Instead, a cap would ...

(Bloomberg) -- As part of a series of efforts to make life more affordable, President Donald Trump aims to help Americans with credit-card debt. After demanding on social media that credit-card ...

President Donald Trump proposed a 10% cap on credit card interest rates that would start on Tuesday. On Wednesday, Trump urged Congress to pass a one-year 10% cap, a sharp reduction from the current ...

The Beaver State is poised to opt out of a federal law that poked a hole in its interest rate cap, joining a growing list of ...

In credit markets, interest rate caps lead to rejected applications, lower credit limits, and tighter underwriting for the ...

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 ...

Add Yahoo as a preferred source to see more of our stories on Google. President Donald Trump is calling for a one-year 10% cap on credit card interest rates, starting Tuesday. That’s down from an ...

President Trump recently took to Truth Social to call for a one-year cap on credit card interest rates at 10%. The proposal has superficial appeal to many Americans. After all, American consumers owe ...

For once, US President Donald Trump has put forward a proposal that appears actually to be aimed at protecting the “little guy” from predatory institutions. His call for a one-year, 10% cap on ...

Price controls on credit cards could create shortages like President Nixon's 1971 gasoline controls, forcing consumers toward payday lenders and reducing credit access.