What Is Interest Rate vs Apr

Trump's 10% credit card rate cap plan

Can President Trump really cap credit card interest rates at 10%?

The U.S. Constitution gives Congress the power to write laws regulating commerce and financial markets — including interest-rate limits on credit cards. Trump has called for a one-year cap at 10%, but no such law currently exists, and a presidential proclamation alone doesn’t change private-sector interest rates.

· 16h · on MSN

Trump called for a 10% cap on card rates by Jan. 20. What happened?

Opinion

· 6d · on MSN

Here's What Could Happen if Trump's 10% Credit Card Interest Cap Gets Approved

· 5h

Trump Promised A 10% Interest Rate Cap On Credit Cards—What Happened To It?

President Donald Trump proposed a 10% cap on credit card interest rates that would start on Tuesday.

· 18h

Dimon Says Trump’s Card Cap Would Spell ‘Economic Disaster’

· 1d

Trump's 10% credit card cap deadline is here. Will card companies comply?

13don MSN

What is a factor rate and how to calculate it

A factor rate is a method of calculating business borrowing costs. Calculate your repayment cost by multiplying the factor rate by your loan amount. Factor rates can result in higher total costs than interest rates on shorter loan terms.

5don MSN

Bilt’s 10% Interest Rate Is Turning Heads—But It’s Not the Lowest APR Right Now

Following President Donald Trump's proposal to cap credit card interest rates at 10%, Bilt's cards are offering a 10% APR for the first year. However, other credit card companies offer an introductory interest rate as low as 0%.