Tuesday was a deadline for President Donald Trump's 10% cap on credit card interest rates. Now he's calling on Congress to ...

A proposal floated by President Trump to temporarily cap credit card interest rates at 10% has opened debate over how much relief borrowers could actually see.

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.

JPMorgan Chase CEO Jamie Dimon on Wednesday advocated for a test of President Donald Trump's proposed credit card rate cap in ...

The episode may show the limits of President Trump's ability to cajole the financial industry into voluntarily giving up billions of dollars in revenue.

A week after President Trump demanded a 10% cap on credit card interest rates, top executives at big banks protested the idea in blunt terms.

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.

Of course we want affordability,” Dimon said during an interview with the Economist at the World Economic Forum. But the 10% ...

Customers’ beloved perks are now on the line.

"It would be an economic disaster, and I'm not making that up because our business … we would survive it, by the way," JPMorgan CEO Jamie Dimon said at the World Economic Forum last week. Dimon added ...

Trump's proposed 10% credit card interest cap could materially impact banks with high credit card exposure, notably Capital One and Synchrony. COF's portfolio is now over 56% credit card balances, ...

Credit card debt is exploding in the U.S. According to a recent report from the Federal Reserve Bank of New York, credit card balances grew to $1.23 trillion in the third quarter of 2025, a ...