Parents, students, and teachers voice outrage as the Broward County School Board votes to close four elementary schools and ...

Bank of America CEO Brian Moynihan hit back at President Trump’s proposal to slap a 10% cap on credit card interest rates for a year, becoming the latest Wall Street banker to warn that the policy ...

President Trump has proposed capping credit card interest rates at 10% APR for a year. The cap could help borrowers pay off credit card debt faster with less interest. But analysts say lenders may ...

Industry experts agree that a 10% interest rate cap could lead to the cancellation or severe restriction of credit card accounts for up to 90% of cardholders – specifically those with credit scores ...

A proposal to cap credit card interest rates could have unintended negative consequences for consumers. Paul Mercer has been president of the Ohio Credit Union League since 1997. Ohio credit unions ...

Bankers argue that the proposal is often framed as consumer‑friendly, but consumers could face reduced access to affordable credit. Some 47% of credit cardholders report having a credit card balance, ...

President Trump revived a campaign promise to cap interest rates, but it is unclear how he would make that a reality. By Stacy Cowley and Niko Gallogly Banks and lenders have been in a tizzy ever ...

Citi's CFO Mark Mason said Trump's proposed credit card cap would have a 'deleterious' impact on the economy. Mason, as well as CEO Jane Fraser, during a separate call, said Citi could not support a ...