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

Most credit cards have a variable rate, which means there's a direct connection to the Federal Reserve's benchmark. And yet, ...

What's in your wallet? A credit card with interest rates that are far higher than any other major kind of loan. Why do credit cards have such high rates? The New York Federal Reserve looked into ...

LIBOR set interest rates for trillions of dollars in loans for over 30 years. Banks manipulated the rate because it relied on ...

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 ...

How are credit card rates ... the federal funds rate, which is set by the Federal Reserve’s Federal Open Market Committee. Essentially, the federal funds rate is the interest rate that banks ...

Evan Coleman is an Updates Editor on the Credit Cards and Travel Rewards team at Forbes Advisor, showcasing his interest in personal finance and love of travel. He has written for a variety of ...

Learn about the best travel credit cards, which can unlock benefits and rewards that will let you travel more or better ...

India's economic growth could slow by 20-40 basis points in the ongoing financial year due to the latest U.S. tariffs, which ...

A credit card with interest rates that are far higher than any other major kind of loan. Why do credit cards have such high ...

Experian explains that the average credit card balance among U.S. consumers was $6,730 as of Q3 2024, an increase of 3.5% ...