ABA, associations respond to Trump’s call for credit card rate cap
President Trump’s proposal for a one-year cap of 10% on credit card interest rates would harm consumers and small businesses ...
Tag: Credit card rate caps
FDIC, OCC side with plaintiffs in lawsuit over Colorado rate cap
A federal court erred when it left in place a Colorado law capping interest rates and fees on loans to ...
OCC’s Gould criticizes court ruling to enforce Colorado rate cap
Comptroller of the Currency Jonathan Gould criticized a recent federal court decision leaving in place a Colorado law that caps ...
Tenth Circuit reverses Colorado preliminary injunction in rate opt-out lawsuit
In a 2-1 decision, a Tenth Circuit panel reversed the District Court of Colorado’s preliminary injunction, which prevented Colorado from ...
Former Trump adviser warns against credit card interest rate cap
A proposal to create a nationwide cap on credit card interest rates would hurt millions of Americans by cutting off ...
Rate caps hurt consumers they’re designed to help
How a recent Vanderbilt Policy Accelerator for Political Economy and Regulation study gets the credit card market wrong.
ABA, associations oppose bill to set credit card, loan fee cap
A proposed bill to establish a nationwide cap on fees and interest on credit cards and consumer loans would have ...
ABA, state bankers associations: Keep credit card rate cap out of stablecoin bill
A proposed amendment to add a credit card rate cap to an unrelated bill on stablecoin regulation would devastate credit ...
Proposed amendment would add credit card rate cap to Senate stablecoin bill
A proposed amendment would add language capping credit card interest rates at 10% to the GENIUS Act, an unrelated bill ...
ABA, associations: House bill to cap credit card rates would hurt consumers
A House bill that would cap credit cards’ annual percentage rate at 10% would severely restrict the availability of such ...
