A bill to limit the interest rate on credit cards has been introduced in Congress. The banking industry says capping rates ...

At its most recent policy meeting, on Wednesday, January 29, the Fed left its key interest rate unchanged. That means the annual percentage rate (APR) on your credit card probably won’t get more ...

And where does that excess spending end up? On credit cards. With interest rates hovering around 21%, carrying a balance is like pouring money down the drain. O'Leary calls it "the silent killer ...

Almost more troubling than the total amount of U.S. credit card debt are the sky-high interest rates consumers owe on their balances—APRs that have been climbing higher as market interest rates ...

Fed policy decisions directly impact your wallet, including the interest rates on your credit cards. We’ll tell you how.

Commissions do not affect our editors' opinions or evaluations. The average credit card interest rate is 28.61%, according to Forbes Advisor’s weekly credit card rates report. The Federal ...

Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans. By Tara Siegel Bernard and Ron Lieber The Federal Reserve is ...

Sen. Bernie Sanders (I-Vt.) and Sen. Josh Hawley (R-Mo.) are expected to introduce bipartisan legislation in the Senate on ...

Yet both have advocated for a 10 percent cap on credit card interest rates. This would be devastating to the credit card industry. The current average Annual Percentage Rate (APR) paid is 19 percent, ...

Interest rates are a key feature of many credit cards and play a big part in the potential fees you may be charged for carrying a balance. If you already carry a balance on your credit card ...