Credit card debt is exploding in the U.S. According to a recent report from the Federal Reserve Bank of New York, credit card balances grew to $1.23 trillion in the third quarter of 2025, a ...

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 President’s proposal to cap credit card rates at a maximum of 10% over the next year has gotten a lot of attention in the midst of a national affordability crisis. It’s understandable. Rates are ...

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 ...

A decades-long drive to cap credit card interest rates has received a sudden jolt from President Donald Trump — and widespread pushback from banks. Subscribe to read this story ad-free Get unlimited ...

President Trump's latest proposal concerns a cap on credit card interest rates, but I believe it is unfeasible. A 10% cap would eliminate U.S. cashback programs, restrict credit access for riskier ...

On Friday, President Trump called for a one-year cap of 10% on credit card interest rates, set to begin Jan. 20. Without congressional legislation, implementing a rate cap would likely be challenging.

Credit card interest can take a balance that seems manageable and make it balloon — sometimes into an amount that feels totally untenable. Part of the problem is how steep interest rates can be, often ...

WASHINGTON, Jan 10 (Reuters) - U.S. President Donald Trump said on Friday ‌he was calling for a one-year cap on credit card ‌interest rates at 10% starting on January 20 but he did not provide details ...