The first step, consumer finance experts say, is to ask your card issuer to reduce the rate. And with average balances now $6,500, consider using your tax refund to put a dent in the debt. By Ann ...

The reintroduction of the Credit Card Competition Act in January 2026 has major implications for the U.S. payments infrastructure, with the potential to fundamentally alter the competitive dynamics of ...

The bipartisan Credit Card Competition Act, reintroduced earlier this month, is supported by the restaurant industry but opposed by credit unions. The Credit Card Competition Act — first introduced in ...

Bank of America is considering whether to offer a credit card with interest capped at 10% for a year, a person familiar with the bank’s thinking told NBC News on Thursday. President Donald Trump ...

Democratic Sens. John Fetterman (Pa.), Cory Booker (N.J.) and Tammy Baldwin (Wis.) introduced legislation Thursday to cap credit card late fees at $8. Their proposal, the Credit Card Fairness Act, ...

FIRST ON FOX: A Senate Republican wants to codify President Donald Trump’s desire to cap credit card interest rates, but it's an idea that’s already been met with resistance among top Republicans. Sen ...

House Speaker Mike Johnson, R-La., pushed back on a proposal from President Donald Trump to cap the interest that credit card companies can charge borrowers. "I talked with him about it briefly ...

President Donald Trump has said his plan to impose a temporary cap on credit card interest rates would curb “abuse” by U.S. lenders, but this has faced pushback from the banking industry, and experts ...

In a move aimed at easing economic pressures on American households, President Trump is calling for a temporary 10% cap on credit-card interest rates. Trump didn’t offer any details on how the ...

President Donald Trump demanded a 10% cap on credit card interest rates on Friday, vaguely citing “affordability” as the reason for the change. The demand comes a month after he dismissed the term as ...

NEW YORK (AP) — Reviving a campaign pledge, President Donald Trump wants a one-year, 10 percent cap on credit card interest rates. The move could save Americans tens of billions of dollars—and aligns ...

JPMorgan Chase JPM-0.68%decrease; red down pointing triangle has reached a deal to take over the Apple AAPL 1.89%increase; green up pointing triangle credit-card program from Goldman Sachs ...