Amid surging credit card interest rates and rising delinquencies, a bill with bipartisan support would cap rates at 10%, about half the current average, for five years. The legislation would ...

WASHINGTON - Sens. Bernie Sanders, I-Vt., and Josh Hawley, R-Mo., introduced a bill on Tuesday that would cap credit card interest rates at 10% − an effort by two lawmakers who rarely see eye to ...

If passed, the bill would immediately cap all credit card interest rates at 10% for five years. The senators cited a recent Forbes article showing the average credit card interest rate at 28.6%.

A new bipartisan bill would cap them at a dramatically lower figure, but experts say it may not be a win for consumers. "Capping credit card interest rates at 10%, just like President Trump ...

By Rob Copeland Finance reporter Two senators plan to introduce a bill on Tuesday to impose a tight cap on credit card interest rates, reviving a proposal that is sure to draw howls from banks and ...