Americans' c redit card debt is at an all-time high. Soaring interest rates on credit cards coupled with other economic factors could make the situation worse. In March, Representatives Alexandria ...

Despite the Federal Reserve's recent cuts, credit card interest rates have been hovering near record highs. A new bipartisan bill would cap them at a dramatically lower figure, but experts say it may ...

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 ...

A new bill establishing a 10% cap on credit card interest rates was introduced in the Senate on Tuesday with bipartisan support. Sens. Bernie Sanders, I-Vt., and Josh Hawley, R-Mo., introduced the ...

The median annual percentage rate (APR) on credit cards is near 25%. Credit card companies charged consumers more than $105 billion in interest in 2022, according to the Consumer Financial Protection ...

Rep. Alexandria Ocasio-Cortez introduced a bill that would cap credit card interest rates at 10%. The average annual percentage rate on credit balances has jumped to 21% in 2024 from 12% in 2003. More ...