Trump proposes a 10% credit card interest cap to stop Americans being “ripped off”. Explained: how it works, potential savings, risks, bank backlash, and whether it truly reduces debt.

All credit cards come with more than a few moving parts. Among them is an annual percentage rate, or APR — the cost of borrowing money using the card. However, the tricky thing with credit cards is that they can have multiple APRs, each of which applies ...

Trump revives campaign pledge to cap credit card interest rates at 10%, potentially saving Americans billions. Credit card companies that backed Trump’s campaign immediately opposed the 10% cap, saying it would drive consumers toward less regulated alternatives.