President Donald Trump noted at the Detroit Economic Club that he's calling to cap credit card rates at 10 percent for a year. But banks are pushing back.

For the federal government to impose a credit card cap on APRs at 10%, Congress would need to pass a law setting a legal ceiling on credit card interest rates.

A deep dive into details of President Trump's credit card interest rate cap proposal reveals unintended consequences for consumers that will do more harm than good.

Major US banks have lashed out at Donald Trump’s proposal to cap credit card interest rates to address affordability concerns, warning the move could undercut a crucial source of industry revenue. JPMorgan,

President Donald Trump noted at the Detroit Economic Club that he's calling to cap credit card rates at 10% for a year.

Along with the attacks on the Fed, President Trump is going after the credit card industry. With “affordability” likely to be a key issue in this year’s midterm elections, T

Up until this week, Wall Street has generally benefited from the Trump administration’s policies and has been supportive of the president. That relationship has suddenly soured. When President Donald Trump signed the One Big Beautiful Bill into law in July,

US President Donald Trump’s efforts to cut interest rates on credit cards could force lenders to cough up more money to support bonds they’ve sold backed by the debt, weighing on their profits, while also cutting into new issuance of the bonds.