New legislation in Congress that would cap credit card interest rates at 10% that has the backing of President Trump could reshape financial services, though it would carry a cost.

Josh Hawley, Bernie Sanders Propose Capping Credit Card Interest Rates At 10% ...

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 ...

A bipartisan pair of senators want to cap your credit-card interest at less than half the typical rate. They may have President Trump's support—but banks aren't so excited.

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