A credit card interest rate cap proposed by Alexandria Ocasio-Cortez comes as APRs jumped to 21% last year.

Democrat Alexandria Ocasio-Cortez and Republican Anna Paulina Luna teamed up to introduce a bill to limit credit card APRs at 10%.

Reps. Anna Paulina Luna (R-Fla.) and Alexandria Ocasio-Cortez (D-N.Y.) have teamed up as cosponsors on legislation that would ...

Claire Dickey is a Newsweek senior editor based in Florida. Her focus is reporting on personal finance news, with extensive coverage related to credit cards and banking. Claire joined Newsweek in ...

Two Millennial congresswomen have become unlikely allies on legislation to cap credit card interest rates at 10% — a policy that President Trump previously pitched on the 2024 campaign trail.

Congresswomen Anna Paulina Luna (R-Florida) and Alexandra Ocasio-Cortez (D-New York) are pushing a bad idea: they want to cap credit card interest rates. This not-so-novel idea has developed since ...

Billionaire investor Chamath Palihapitiya believes a proposed 10% cap on credit card interest rates would significantly disrupt the financial services industry while potentially benefiting consumers.

and Congressional Progressive Caucus member Rep. Alexandria Ocasio-Cortez, D-N.Y., teamed up to push a measure that would cap credit card interest rates at 10%. "The annual percentage rate ...

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It also delves into the risks of high-interest rates, deferred interest traps, and the implications of increasing credit card debt amid economic shifts. Additionally, it highlights regulatory ...

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Capping credit card interest rates is starting to look ... an Urban Institute senior fellow who has studied the impact of interest caps. “You want to maximize the number of people that benefit ...