Sen. Josh Hawley said he has teamed up with the consummate supporter of every bad economic idea, Sen. Bernie Sanders, to introduce an arbitrary 10% cap on credit card interest rates.

It's helpful to know how interest is calculated so you can figure out how much you're paying in interest each month. Here's ...

A bill to limit the interest rate on credit cards has been introduced in Congress. The banking industry says capping rates ...

Federal credit unions cannot charge more than 18% interest on a credit card. The Military Lending Act caps card rates at 36% for active-duty service members and covered dependents. “ ...

He introduced a bill with Vermont’s left-wing legislator, but it’s not the strangest bipartisan effort from the Missouri ...

Credit card issuers such as Capital One, who “lend deeper,” or lend to riskier consumers, but charge higher interest rates to make up for the risk, will be in trouble. “In a world where 10% ...

Their proposal to cap credit ... higher interest rates on loans." If the Hawley–Sanders legislation passes, the government will set a price cap on what credit card companies charge for loaning ...

Say you charge $5,000 on a credit card that has a 0% introductory APR for 15 months on purchases. And if by the end of those 15 months you still have a $500 balance, credit card interest will ...

Evan Coleman is an Updates Editor on the Credit Cards and Travel Rewards team at Forbes Advisor, showcasing his interest in personal finance and love of travel. He has written for a variety of ...

Around three-quarters, or 77%, of Americans surveyed said they support a cap on the interest rates financial institutions can charge on a credit card, according to a recent survey by LendingTree.

"The credit card is just second nature for me ... "When large financial institutions charge over 25 percent interest on credit cards, they are not engaged in the business of making credit ...