A cap on rates sounds like a dream for borrowers, but experts warn it could turn into a nightmare for some.

"No more delays. It’s time to deliver relief for American families," U.S. Sen. Elizabeth Warren, D-Mass., said.

President Donald Trump called for credit card companies to cap interest rates at 10%, roughly half the industry average, effective Jan. 20. That date arrived, and credit card rates have hardly budged.

The senator says her bill emulates a proposal by the JPMorgan Chase CEO to let states determine their own card interest rate ...

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.

A report on recent federal interest rate proposals and their potential impact on the national financial infrastructure and consumer lending practices.

A proposal pitched as a way to help consumers struggling with interest rates is unsettling the financial sector. As President ...

At first glance, proposals like the Credit Card Competition Act and President Donald Trump’s idea to cap credit card interest ...

The federal cap that Trump has proposed would, in theory, prevent issuers from gouging customers. But not everyone agrees it ...

Jan 21 (Reuters) – JPMorgan Chase CEO Jamie Dimon warned on Wednesday that a proposal to cap credit card interest rates would amount to economic disaster, while U.S. President Donald Trump doubled ...

The White House has criticized JPMorgan Chase CEO Jamie Dimon over the "criminal" interest rates the bank charges.