A proposal floated by President Trump to temporarily cap credit card interest rates at 10% has opened debate over how much relief borrowers could actually see.

Tuesday was a deadline for President Donald Trump's 10% cap on credit card interest rates. Now he's calling on Congress to ...

If you were waiting for your credit card interest rate to plummet to 10% on Jan. 20, don't hold your breath.

The first step, consumer finance experts say, is to ask your card issuer to reduce the rate. And with average balances now $6,500, consider using your tax refund to put a dent in the debt.

President Donald Trump called for a 10% cap on credit card interest rates. Here's what experts say that could mean for cardholders, if implemented.

President Trump's proposal to cap credit card interest rates at 10% - an idea with bipartisan support - received swift backlash from bank executives.

The episode may show the limits of President Trump's ability to cajole the financial industry into voluntarily giving up billions of dollars in revenue.

Capping borrowing costs in the US has bipartisan support, but experts warn of unintended consequences.

"It would be an economic disaster, and I'm not making that up because our business … we would survive it, by the way," JPMorgan CEO Jamie Dimon said at the World Economic Forum last week. Dimon added ...

JPMorgan Chase CEO Jamie Dimon on Wednesday advocated for a test of President Donald Trump's proposed credit card rate cap in ...

President Trump, under pressure to bring down the painfully high cost of living, announced at Davos that he is calling on Congress to cap credit card interest rates at 10 percent for one year.

Consumer credit is less expensive elsewhere in the world because of greater competition and tougher regulation.