Senators Propose 10% Cap On Interest Rates

This Week In Credit Card News: Senators Propose 10% Cap On Interest Rates
Josh Hawley, Bernie Sanders Propose Capping Credit Card Interest Rates At 10%
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 would have unintended consequences.
Bernie Sanders, Josh Hawley introduce bill to cap credit card interest rates. What to know
Sen. Bernie Sanders of Vermont and Sen. Josh Hawley, a Republican from Missouri, introduced legislation to cap credit card interest rates at 10%.
Would a 10% Credit Card Interest Rate Cap Be a Totally Good Thing for Consumers?
Factors like your debt-to-income ratio, your income and existing debt all influence the interest rate on your credit card. And consumers who are considered high-risk are approved with a higher interest rate as a way for banks and issuers to compensate for the possibility of default.
Credit card rewards at risk with new interest rate limit legislation
A new bill to cap credit card interest rates at 10% could erase card rewards for consumers, financial experts told the Washington Examiner.
Kansas Citians support relief as bipartisan bill would cap credit card interest rates
In a bipartisan effort, Sen. Josh Hawley (R-Missouri) is teaming up with Sen. Bernie Sanders (I-Vermont), introducing a bill on Tuesday that would cap credit card interest rates at 10%.
Solid January Jobs Data Will Likely Keep Fed Interest Rate Cuts On Hold
The January jobs report revealed a drop in the unemployment rate to 4%, accompanied by payroll gains of 143,000. A Fed ...
Treasury Secretary Scott Bessent wants to bypass the Fed to lower interest rates
Treasury Secretary Scott Bessent has a new plan in the fight to bring down historically high interest rates, and it’s got ...
Minneapolis Fed's Kashkari expects lower interest rates later this year
Minneapolis Federal Reserve President Neel Kashkari said Friday he expects to see interest rates lower this year if the ...
Could Tariffs Push Interest Rates Higher? Here's What It Means for Your Wallet
Tariffs don't directly cause interest rates to rise, but they might be part of the recipe. Learn if rates will go up, and ...
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Chase to cut interest rate on 5% savings account twice this month - a double whammy for savers
Rachel Springall, finance expert at Moneyfactscompare.co.uk, said savers who were “enchanted” by Chase’s guaranteed bonus of ...
ECB's Centeno hopes key interest rate will drop to 2% sooner, not later
The European Central bank may need to cut interest rates below a neutral level to stimulate economic growth as inflation is ...
India cuts interest rates for the first time in five years
India's central bank has cut interest rates for the first time in nearly five years to counter slowing growth in Asia's third ...
Bank of England halves UK growth projection and cuts main interest rate to 4.50%
The Bank of England halved its growth projection for the British economy this year as it cut its main interest rate Thursday ...
Indian state-run firms line up $2 bln bond sales as central bank cuts interest rate
Indian state-run companies are set to borrow nearly $2 billion via the bond market early next week after the central bank cut ...