Trump's 10% Credit Card Rate Cap: What 14 Million Borrowers Need to Know
President Trump calls for a one-year cap on credit card interest rates at 10%, down from the current 23.79% average. Here's what the proposal means for your wallet.
41 articles found for "passive income"
Record Household Debt and Soaring Housing Costs Squeeze American Budgets as 2026 Begins
New MMI data shows average unsecured debt tops $32,600 as 47% of credit cardholders carry balances. Nearly half expect their debt to grow in the year ahead.
Auto Loan Delinquencies Hit 15-Year High at 3.88%: What It Means for Borrowers and the Economy
Auto loan delinquency rates reached 3.88% in Q3 2025, the highest level in 15 years. Analysis of what's driving the trend and what it means for consumers and investors.
Student Loan Wage Garnishment Returns: What 12 Million Borrowers Need to Know
For the first time since 2020, the federal government is resuming wage garnishments on defaulted student loans. Over 12 million borrowers are delinquent or in default.
Trump's 10% Credit Card Rate Cap: What It Means for Your Wallet and the Banks
President Trump's call for a 10% credit card interest rate cap has roiled bank stocks and sparked debate about consumer finance. Here's what cardholders need to know.
America's $1.23 Trillion Credit Card Debt: Inside the Political Battle Over Consumer Finance
Credit card balances have reached record highs while delinquencies stabilize near decade peaks. Trump's rate cap proposal has ignited a debate over affordability vs. access.
Student Loan Wage Garnishments Return: What 12 Million Borrowers Need to Know
The Trump administration has begun sending wage garnishment notices to student loan borrowers in default. With 12 million borrowers delinquent or defaulted, here's what you need to know.
Auto Loan Delinquencies Hit 15-Year High: Inside America's 7.5-Year Car Payment Crisis
Subprime auto delinquencies reached 6.6% in January 2025, the highest since tracking began in 1994. Consumers are stretching loans to 7.5 years to afford payments.
Credit Card Delinquencies Stabilize Near Decade Highs: Inside America's $1.23 Trillion Debt Challenge
After 11 consecutive quarters of increases, credit card delinquency rates have stabilized—but remain at levels not seen since 2011. What the data tells us about the American consumer in 2026.
The BNPL Reckoning Approaches: Why Buy Now Pay Later Default Rates Could Surge in Early 2026
Research suggests buy now pay later default rates could jump as much as 50% in Q1 2026 as holiday payment installments come due. With 41% of users already missing payments, a reckoning may be approaching.
Credit Card Interest Charges Hit Record $160 Billion: Inside the CFPB's Alarming New Report
Americans paid a record $160 billion in credit card interest in 2024, up 52% from 2022, according to the CFPB's latest report. With average APRs at all-time highs, the interest burden continues climbing.
Trump Calls for 10% Cap on Credit Card Interest Rates: What It Would Mean for Your Wallet
President Trump called for a one-year 10% cap on credit card interest rates starting January 20. With average rates above 20%, here's what the proposal could mean for the $1.2 trillion Americans carry in credit card debt.