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.

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.

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

While interest rates are crushing many Americans financially, a recently announced change to interest laws could potentially do more harm than good.

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.

"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 ...

President Trump, under pressure to bring down the painfully high cost of living, announced at Davos that he is calling on ...

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

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

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

Trump's demand to cap credit card rates at 10% is a crowd-pleaser, but might cause more problems than it solves.