While major banks, including JPMorgan Chase and Citi, warned that a 10% credit card cap would reduce access to credit, some CEOs applaud the plan.

A 10% rate cap would make large swaths of the credit card industry unprofitable, especially tied to customers with less-than-ideal credit, banks say.

JPMorgan, Citigroup and Wells Fargo this week separately said limiting borrowing costs on credit cards would harm their business model in a way that would make it prohibitive for them to extend credit ...

— -- Credit card holders could soon be saying good-bye to some costly add-on products that promised peace-of-mind during a disaster, such as a job loss. And many consumer groups say good-riddance ...

President Trump is calling for a one-year, 10% cap on all credit card interest rates beginning on January 20, warning financial institutions that they would be “in violation of the law” and subject to ...

Former President Donald Trump's latest populist economic salvo has given credit card issuers a new headache, even though experts are dismissive of its chances. Processing Content The Republican ...

Credit card protection insurance is a form of protection offered by card issuers to help cardholders in times of financial difficulty. This insurance can offer a break from payment obligations, lower ...

The US president has called for interest rates on credit cards to be capped at 10% for one year.

Credit cards make everyday spending easier and more flexible. But with that ease comes the responsibility of handling risks ...