Industry experts agree that a 10% interest rate cap could lead to the cancellation or severe restriction of credit card accounts for up to 90% of cardholders – specifically those with credit scores ...
Shares in major credit card lenders tumbled in Monday after President Trump late Friday proposed a 10% cap on the fees these cards charge customers. “Effective January 20, 2026, I, as President of the ...
Trump proposed a one-year 10% cap on the interest rates that American credit card companies can charge customers. Shares of Citigroup, JPMorgan Chase, Wells Fargo, Bank of America, Visa, Mastercard, ...
The Trump administration is floating a new proposal aimed at expanding access to credit cards after the president's calls for a 10% cap on credit card interest rates were met with pushback from the ...
In a move aimed at easing economic pressures on American households, President Trump is calling for a temporary 10% cap on credit-card interest rates. Trump didn’t offer any details on how the ...
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 ...
If you're in the market for a new credit card but are struggling to get approved, CNBC Select has rounded up the easiest credit cards to get — whether you want no annual fee, low interest, cash back ...
Stocks in a range of financial companies fell after President Trump called for credit-card interest rates to be capped at 10% for a year, in his latest attempt to address voters' affordability ...
President Trump revived a campaign promise to cap interest rates, but it is unclear how he would make that a reality. By Stacy Cowley and Niko Gallogly Banks and lenders have been in a tizzy ever ...
Phew, that's a lot of questions! I totally get it. Capital One and Discover merged back in May, and Discover customers, like you, are curious about what happens next. Unfortunately, we don't have a ...
Credit card debt is an increasingly heavy burden for millions of Americans. Selena Cooper, 26, is among those dealing with the strain. A former paralegal at the Social Security Administration, she was ...
Some of America’s top bankers are warning that the president’s cap on credit card interest rates would prove disastrous for lower-income consumers and the US economy — not to mention their profits.
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