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.

Bankers argue that the proposal is often framed as consumer‑friendly, but consumers could face reduced access to affordable credit. Some 47% of credit cardholders report having a credit card balance, ...

A decades-long drive to cap credit card interest rates has received a sudden jolt from President Donald Trump — and widespread pushback from banks. Trump said Friday he wants to put a one-year 10% cap ...

On Friday, President Trump called for a one-year cap of 10% on credit card interest rates, set to begin Jan. 20. Without congressional legislation, implementing a rate cap would likely be challenging.

The market for premium cards is already hot. President Trump’s call for a temporary cap on credit-card interest rates could make it hotter. In recent years, competition has been intensifying for ...