Steve Forbes lays out the unintended consequences of President Trump’s proposal to cap credit card interest rates at 10%.

NEW YORK (AP) — Reviving a campaign pledge, President Donald Trump wants a one-year, 10% cap on credit card interest rates, a move that could save Americans tens of billions of dollars. However, it ...

In credit markets, interest rate caps lead to rejected applications, lower credit limits, and tighter underwriting for the ...

A decades-long drive to cap credit card interest rates has received a sudden jolt from President Donald Trump — and widespread pushback from banks. Trump said Friday he wants to put a one-year 10% cap ...