Will Credit Card Interest Rates Be Capped At 10%? Democrats Want To Work With Trump

The rates-cap trap is set, but we can avoid it

This year’s election was full of ideas that were considered good politics, but poor policy. One of these was rates capping. Whichever parties form the next...

Will Credit Card Interest Rates Be Capped At 10%? Democrats Want To Work With Trump

Democrats are renewing a push to cap credit card interest rates at 10%, an idea Trump floated earlier this year. Here's why it's a double-edged sword for consumers and rewards.

Credit card rate cap gets new life, but questions remain about its impact

Senate Democrats are renewing a proposal to cap interest rates on credit cards at 10% as the party prepares to take control of Washington in January.