President Donald Trump just urged passage of a federal 10% credit card interest rate cap. This means that a legislative proposal filed in Congress by Sen. Bernie Sanders (I-Vt.) will likely soon be ...

President Trump, under pressure to bring down the painfully high cost of living, announced at Davos that he is calling on Congress to cap credit card interest rates at 10 percent for one year. Its ...

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 ...

JPMorgan Chase CEO Jamie Dimon issued a stern warning about President Donald Trump's credit card rate cap at the World Economic Forum in Davos on Wednesday, saying that it would be an "economic ...

JPMorgan Chase CEO Jamie Dimon called President Donald Trump's proposed 10% cap on credit card interest rates an "economic disaster." He suggested the U.S. government should test the cap in two states ...

Banks warn cap could reduce credit availability Citigroup CEO doubts Congress will approve rate caps Analysts suggest potential compromise on rate cap proposal Trump administration faces pushback from ...

President Donald Trump called for credit card companies to cap interest rates at 10%, roughly half the industry average, effective Jan. 20. That date arrived, and credit card rates have hardly budged.

In a new push to address affordability concerns on voters’ minds before the midterm elections, President Donald Trump has recently called for a cap on credit card interest rates, without a clear plan ...

Add Yahoo as a preferred source to see more of our stories on Google. A sign for Chase bank is seen on an ATM Tuesday, Jan. 6, 2026, in Portland, Ore. (AP Photo/Jenny Kane) NEW YORK (AP) — President ...

President Donald Trump’s proposal to cap credit-card interest rates at 10% on Jan. 20 sent stocks of card issuers falling. Many experts believe Congress would have to pass legislation to enact the ...

Republicans push back on Trump proposal to cap credit card interest rates at 10% Supreme Court takes up gun owners' challenge to 'Vampire Rules' Why is there so much international interest in ...

This article originally appeared on PolitiFact.comAmid voter concern about the economy and affordability, President Donald Trump announced a new policy: a 10% cap on credit card interest rates for one ...