Trump's year-long cap on credit card interest is "well-intentioned," say experts, but it poses significant risks.

In credit markets, interest rate caps lead to rejected applications, lower credit limits, and tighter underwriting for the highest risk, lowest income borrowers. Why? Because lenders don’t respond to ...

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

A cap on rates sounds like a dream for borrowers, but experts warn it could turn into a nightmare for some.

Sen. Bernie Sanders (I-VT) calls credit card lending “extortion and loan sharking,” comparing lenders to the usurers Dante ...

The recently proposed caps on credit card interest rates may sound appealing on the surface. Who wouldn’t want to be guaranteed a prime rate for any credit card? Unfortunately, the reality of ...

Add Yahoo as a preferred source to see more of our stories on Google. President Trump has proposed a plan to cap credit card interest rates at 10%, and supporters say that could help American ...

During the company’s fourth-quarter earnings call on Thursday, Fairbank argued that “putting a price control in place” will not make credit more affordable, but would instead make credit “less ...

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 ...

For 25 years, the Florida State Hispanic Chamber of Commerce has worked to expand opportunity for Hispanic entrepreneurs and the small businesses that form the backbone of Florida’s economy. Today, ...

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 ...