Democratic Sens. John Fetterman (Pa.), Cory Booker (N.J.) and Tammy Baldwin (Wis.) introduced legislation Thursday to cap credit card late fees at $8. Their proposal, the Credit Card Fairness Act, ...

Forbes contributors publish independent expert analyses and insights. Hersh Shefrin analyzes how psychology impacts markets and policy. Form showing credit card high interest rates. (Photo by: Michael ...

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 ...

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 ...

President Donald Trump has said his plan to impose a temporary cap on credit card interest rates would curb “abuse” by U.S. lenders, but this has faced pushback from the banking industry, and experts ...

Add Yahoo as a preferred source to see more of our stories on Google. CHICAGO — Former Mayor Lori Lightfoot was sued late last year for unpaid credit card debt, records show. Lightfoot was served in ...

Jan 12 (Reuters) - A proposed one-year cap on credit card interest rates backed by U.S. President Donald Trump could reduce borrowing costs for some consumers but also limit credit availability, ...

Former Mayor Lori Lightfoot was sued late last year for unpaid credit card debt, records show. Lightfoot was served in October at her Chicago home with a lawsuit from JPMorgan Chase Bank for allegedly ...

This is read by an automated voice. Please report any issues or inconsistencies here. Trump revives campaign pledge to cap credit card interest rates at 10%, potentially saving Americans billions.

President Donald Trump says he’s keeping a campaign promise to make carrying credit-card debt cheaper for Americans, writing in a social-media post Friday night that he would cap interest rates on ...

President Donald Trump announced Friday he is calling for a one-year cap limiting credit card interest rates to 10%. Trump blamed the Biden administration for allowing rates to rise as high as 20–30%, ...

When someone opens a credit card in your name, the damage usually starts before you even know the account exists. Your credit score can drop. Fraudulent charges can pile up. And if it goes unnoticed, ...