President Trump's proposal to cap credit card interest rates at 10% for one year could save consumers billions of dollars but hurt Americans with lower credit scores, according to financial experts.

As the year winds down, many households are taking a hard look at their credit card balances and realizing that the numbers aren't pretty. Holiday shopping, higher everyday costs due to inflation and ...

Americans are carrying a total of $1.23 trillion in credit card debt as we kick off 2026, a figure that continues to climb despite recent Federal Reserve rate cuts. While the Fed slashed rates three ...

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% ...

Forbes Advisor’s weekly credit card rates report indicates that the current average credit card interest rate is 25.32%. The Federal Reserve also tracks U.S. consumers' average credit card interest ...

WASHINGTON — President Donald Trump's headline-grabbing ultimatum for a 10% interest rate cap on credit cards failed to materialize by his self-imposed deadline of January 20th. Processing Content ...

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. By Ann ...

The Federal Reserve cut interest rates by 25 basis points on Wednesday. The central bank’s December meeting decision could affect some of the borrowing and savings rates consumers see every day. The ...