With credit card interest rates near record highs, you might feel like it’s impossible to pay down your debt. In early 2025, ...

Forbes Advisor’s weekly credit card rates report indicates that the current average credit card interest rate is 25.32%. The Federal Reserve also tracks U.S. consumers' average credit card interest ...

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 ...

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 ...

(CNN) - President Donald Trump is pushing for a 10% cap on credit card rates. It is his latest attempt to quell affordability concerns. While Americans who are suffering from record-high credit card ...

On Jan. 9, President Donald Trump announced on Truth Social his support for a temporary 10% cap on credit card interest rates, posting, “We will no longer let the American public be ‘ripped off’ by ...

The first step, consumer finance experts say, is to ask your card issuer to reduce the rate. And with average balances now $6,500, consider using your tax refund to put a dent in the debt. By Ann ...

President Donald Trump urged Congress to pass a law limiting credit card interest rates to 10%. It followed a social media post where he urged banks to set that cap. The banking industry has ...

WEST PALM BEACH, Fla. — A recent suggestion by President Donald Trump directed at credit card companies to reduce interest rates to 10% by Jan. 10 has come and gone without rates moving. According to ...