Josh Hawley, Bernie Sanders Propose Capping Credit Card Interest Rates At 10% ...

A credit card’s interest rate is called its APR, or annual percentage rate. Different rates may be applied to various types ...

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.

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. “ ...

Credit cards are a convenient payment method that have certainly simplified our lives. The benefits they offer are numerous, but only when you use your card responsibly, especially when making ...

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 ...

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

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 ...