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A new bill in Congress would cap credit card interest rates at 10%. ... Sky-high annual percentage rates (APRs) on U.S. credit cards are worsening the debt trap for those who carry a balance ...
A 2022 study by researchers at Georgetown University and Yale Law School found the collapse of debit card rewards programs nudged consumers to use credit cards more often—credit cards that ...
The Fair Credit and Charge Card Disclosure Act (abbreviated as the FCCCDA) is an American consumer protection law that requires credit card companies and loan agencies to disclose any "fine print" about a loan or line of credit to the consumer. [1] This includes information about variable interest rates and fees. The FCCCDA was passed in 1988.
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