Capping credit card interest rates at 10% could save consumers billions of dollars, but potentially hurt lower-income Americans, experts said.

WASHINGTON — Republicans on Capitol Hill don’t like President Donald Trump’s proposal to cap credit card interest rates at 10%, shooting down the latest attempt by the president to lean into populist ...

US banking associations say capping rates will make it harder for people to access credit and be "devastating" for millions of families and small businesses.