60% of Americans carry a credit card balance — as interest rates top 20%, Fed report finds
Most credit cards have a variable rate, which means there's a direct connection to the Federal Reserve's benchmark. And yet, ...
AOC wants to cap your credit card interest at 10%. A chart shows how current rates dwarf that amount.
A credit card interest rate cap proposed by Alexandria Ocasio-Cortez comes as APRs jumped to 21% last year.