Let's say you've got a credit card with a $15,000 limit that you haven't used in years. You're tempted to shut it down to simplify your wallet -- and hey, no harm done, right? Not so fast. As someone ...

If enacted, President Donald Trump's proposal for a temporary 10% cap on credit card interest rates could change many policies for borrowers. Among them: how issuers decide to value credit card points ...

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 ...

President Trump, under pressure to bring down the painfully high cost of living, announced at Davos that he is calling on Congress to cap credit card interest rates at 10 percent for one year. Its ...

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 ...

President Trump reiterated his desire for a credit-card interest rate cap this week. On paper, that’s a huge problem for issuers of plastic. But if the experience of other industries that have faced ...

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 ...

Jan 22 (Reuters) - Bank of America (BAC.N), opens new tab is considering options to offer new credit cards with an interest rate of 10% ‌to satisfy President Donald Trump's demands, a source familiar ...

Forbes contributors publish independent expert analyses and insights. True Tamplin is on a mission to bring financial literacy into schools. Debit and credit cards may look the same at checkout, both ...

Trump says he is asking Congress to cap credit card interest rates JPMorgan CEO says rate cap would cut off credit for 80% of Americans Banking industry pushes back against Trump proposal Trump, under ...

JPMorgan Chase CEO Jamie Dimon issued a stern warning about President Donald Trump's credit card rate cap at the World Economic Forum in Davos on Wednesday, saying that it would be an "economic ...