AOL

Here’s why a 10 percent credit card interest rate cap may not be a good thing for consumers

Ready to pay a maximum of 10 percent on your credit card balance for a year? If President Donald Trump has his way, that could become a reality. The president called for a one-year, 10 percent cap ...
Finance & Commerce

Trump backs credit card rate cap, banks warn of fallout

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, pressure bank ...
KVIA

Experts warn proposed credit card rate cap could hurt low-income borrowers

EL PASO, Texas (KVIA)-- According to LendingTree, the average interest rate on credit cards is now nearly 24%. Last week, President Trump said on social media he wants a one-year cap on credit ...