A bill would cap credit card rates at 10%, echoing a Trump pledge. Are there downsides?
A bill would cap credit card rates at 10%, something Trump promised on the campaign trail. Will Trump follow through? Will consumers benefit?
The Pros and Cons of a 0% Balance Transfer
Usually, 0% balance transfer cards offer a 0% rate for a limited period, such as 12 to 18 months. You can structure your debt ...
A new bill would cap credit card interest rates at 10%. Here's what that could mean for your money
A bill to limit the interest rate on credit cards has been introduced in Congress. The banking industry says capping rates ...
Should you pay off credit card debt before applying for a mortgage?
Paying off credit card debt could help raise your credit score and bring down your overall debt levels, making you a more ...
AOL7d
A new bill in Congress would cap credit card interest rates at 10%. But the limits could harm consumers, experts warn
By solving the problem of high credit card APRs, a rate cap could very well end up hurting those it was intended to help. Credit card interest rates vary widely depending on the unique risk ...
AOL4d
A bill would cap credit card rates at 10%, echoing a Trump pledge. Are there downsides?
“Capping credit card interest rates at 10%, just like President Trump ... And that’s where you get into a big problem,” said Nicholas Anthony, a policy analyst at Cato Institute, the liberta ...
The New York Times9d
Trump Promised a Cap on Credit Card Interest Rates. Here’s His Chance.
Senators Bernie Sanders and Josh Hawley say they will propose a 10 percent limit on credit card interest rates. By Rob Copeland Finance reporter Two senators plan to introduce a bill on Tuesday to ...
City Journal29d
Capping Credit Card Rates Won’t Help Consumers
Research from the World Bank on credit card interest-rate caps implemented in other countries finds ... To be fair to both of them, the proposal does attempt to address a real problem. Many people, ...
Washington Examiner6d
Credit card rewards at risk with new interest rate limit legislation
Sens. Bernie Sanders (I-VT) and Josh Hawley (R-MO) introduced the bill on Thursday that would cap credit card interest rates for five years. The bill has been referred to the Committee on Banking ...
Hawley, Sanders push for 10 percent cap on credit card interest
Sens. Josh Hawley (R-Mo.) and Bernie Sanders (I-Vt.) introduced a bill Tuesday seeking to cap credit card interest rates at ...
Bank of England cuts interest rates to 4.5% - what it means for your money
The Bank of England base rate can affect everything from your mortgage to the rates applied to credit cards - we round up ...