As part of a series of efforts to make life more affordable, President Donald Trump aims to help Americans with credit-card ...
Only one in four Americans has a credit score above 800, which is considered exceptional, according to industry data.
JPMorgan CEO Jamie Dimon said a temporary interest rate cap could limit credit access for millions of Americans.
Capping interest at 10% is appealing, but most Republicans do not favor such price controls; say it could hurt those the ...
Bank of America is considering whether to offer a credit card with interest capped at 10% for a year, a person familiar with ...
From grocery bills to rent payments, Americans say every dollar matters — and now, there’s growing momentum to rein in what ...
President Donald Trump’s plans for bringing homeownership within reach of more Americans involve pushing for lower interest ...
Earlier this month, Trump called for the cap in an online post saying Americans were being “ripped off” by credit card ...
New CFPB data warns that accounts with these so-called “teaser rates” ultimately tend to wind up with higher long-term balances than cards without them.
The episode may show the limits of President Trump's ability to cajole the financial industry into voluntarily giving up billions of dollars in revenue.
Regardless of what happens to the proposed credit card interest rate cap, a better credit score gets you access to better rates.