Price controls on credit cards could create shortages like President Nixon's 1971 gasoline controls, forcing consumers toward payday lenders and reducing credit access.

A cap on rates sounds like a dream for borrowers, but experts warn it could turn into a nightmare for some.

The senator says her bill emulates a proposal by the JPMorgan Chase CEO to let states determine their own card interest rate ...

The federal cap that Trump has proposed would, in theory, prevent issuers from gouging customers. But not everyone agrees it ...

CHARLOTTE — President Donald Trump is calling for a one-year 10% cap on credit card interest rates, starting Tuesday. That’s down from an average of about 22%, according to the Federal Reserve. Many ...

In credit markets, interest rate caps lead to rejected applications, lower credit limits, and tighter underwriting for the ...

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 ...

ARLINGTON, Virginia Feb 19 (Reuters) - The head of the trade group representing major U.S. airlines said Thursday a proposal ...

President Donald Trump called for credit card companies to cap interest rates at 10%, roughly half the industry average, effective Jan. 20. That date arrived, and credit card rates have hardly budged.

The recent 10% credit-card interest-rate cap proposed by Donald Trump triggered a frenzy of responses from the financial giants. JPMorgan Chase CEO Jamie Dimon warned of an “economic disaster,&r ...

Add Yahoo as a preferred source to see more of our stories on Google. President Donald Trump is calling for a one-year 10% cap on credit card interest rates, starting Tuesday. That’s down from an ...