President Donald Trump called for a 10% cap on credit card interest rates. Here's what experts say that could mean for cardholders, if implemented.

Forbes Advisor’s weekly credit card rates report indicates that the current average credit card interest rate is 25.35%. The ...

The White House has criticized JPMorgan Chase CEO Jamie Dimon over the "criminal" interest rates the bank charges.

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.

Visa and Mastercard announced a new proposal with U.S. merchants in a 20-year-long legal battle over interchange, or swipe, fees. The proposal includes a temporary reduction in swipe fees and could ...

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 ...

On Friday, Jan. 9, President Trump shared a message on Truth Social calling for a credit card interest rate cap starting Jan. 20, 2026 — just 11 days after posting. His proposal would cap rates at 10% ...

Many Americans with credit card debt, especially high earners, lie about the amount they owe. The average credit card debt is $7,321 with an average interest rate of 21.4%, contributing to a national ...

The Federal Reserve cut rates by a quarter point in October — the second cut of 2025. Another quarter-point cut is widely expected when the Fed meets next week, though chair Jerome Powell isn't ...