Lowering credit card rates to 10% would most help minimum payers, who face financial and psychological barriers that make ...

For example, the Prime Rate is currently 6.75%. There’s nothing preventing a card issuer from tweaking a new customer offer ...

His declaration requires congressional approval to become law and could restrict some consumers' credit availability.

Last year, banks quickly raised interest rates to record levels and added new monthly fees on credit cards when a Consumer Financial Protection Bureau rule threatened a key revenue source for the ...

Sean Messier is a personal finance writer with a focus on credit. He’s written for Credit Card Insider, plus several other national and global brands. Tfilm / Getty Images The Federal Reserve cut its ...

Last week, Senator Bernie Sanders and Josh Hawley introduced legislation that would cap the interest rate on credit card debt at just ten percent, a far cry from the 24 percent that is the norm for ...

New legislation in Congress that was introduced by an unlikely duo of senators seeks to impose a credit card interest rate cap, with the potential for such a bill becoming law aided by President ...