Credit card interest rates are high. Here's the likelihood of them falling in June (and what to do if they don't).

The news released this May that credit card debt balances were declining appeared to be positive on the surface. Certainly, a ...

Evan Coleman is an Updates Editor on the Credit Cards and Travel Rewards team at Forbes Advisor, showcasing his interest in personal finance and love of travel. He has written for a variety of ...

Raising or lowering the federal funds rate -- the overnight interest rate between banks -- creates a domino effect. Credit card issuers often follow the Fed's lead, increasing or decreasing their APRs ...

But when the Fed started slashing interest rates in September, with an initial cut of half a percentage point, the average credit card interest rate fell by just 0.13%. The Fed has since cut ...

A new bipartisan bill introduced by a pair of senators would cap credit card interest rates in an effort to help consumers and fulfill one of President Donald Trump's campaign promises.

On Tuesday, two U.S. senators proposed a bill that would cap credit card interest rates at 10%. While a 10% cap would help consumers exponentially with their credit card debt, it could have ...

Rep. Alexandria Ocasio-Cortez introduced a bill that would cap credit card interest rates at 10%. The average annual percentage rate on credit balances has jumped to 21% in 2024 from 12% in 2003.

Senators Bernie Sanders and Josh Hawley say they will propose a 10 percent limit on credit card interest rates. By Rob Copeland Finance reporter Two senators plan to introduce a bill on Tuesday to ...