What Trump's 10% credit card rate cap would mean for consumers
Capping credit card interest rates at 10% could save consumers billions of dollars, but potentially hurt lower-income Americans, experts said.
Watch CBS News
Capping credit card interest rates at 10% could save consumers billions of dollars, but potentially hurt lower-income Americans, experts said.
President Trump called for a one-year cap on credit card interest rates late Friday, an idea that has drawn strong support from lawmakers in both parties but pushback from card issuers.
Shoppers will need to plan ahead as some grocery stores and retailers will be closed on Thanksgiving or have reduced hours.
Doug Lebda died on Sunday in an all-terrain vehicle accident, according to LendingTree.
With credit card debt at a record $1.2 trillion, experts are urging cardholders to rethink their strategies before the costs outweigh the rewards.
CBS News Miami's Joe Gorchow reports how the man is working his way out and the nonprofit that helped him out.
The man allegedly used his business to open credit card accounts in victims' names and then use those cards to pay for tax preparation services.
Americans struggling with credit card debt hope relief will come with more expected interest rate cuts later this year.
Americans struggling with credit card debt hope relief will come with more expected interest rate cuts later this year. However, for many, they find themselves in a tough spot.
Visa exploits its market dominance to stifle competition, costing consumers and merchants billions in extra fees, feds allege in a lawsuit.
The Fed has slashed borrowing costs for the first time in more than four years. Here's how that would impact people with credit card balances.
With credit card debt reaching a record high, consumers looking to save a few bucks should reacquaint themselves with the virtues of cold, hard cash.
Inflation drops to lowest level since July, but credit-card delinquency has gone up in some South Florida cities.
More Americans are maxing out their credit cards, especially younger people. CBS News Miami's Ivan Taylor spoke with a finance professor and shared her solutions.
Miami-Dade County Public Schools have a new policy regarding credit cards, following the arrest of Lubby Navarro.
The cards will cost more but also offer enhanced benefits, including restaurant and rideshare credits.
U.S. economy continues to plow ahead, as holiday shoppers shell out more on gifts this year than predicted.
Customers don't realize what the nation's second-largest credit card issuer is doing with their personal data, according to PIRG report.
Ronda Rousey used her signature armbar to stop Gina Carano just 17 seconds into a comeback bout between the two MMA fighters.
Researchers in Dublin discovered the oldest surviving English poem in a Roman library.
The only remaining roadblock: Miami Dade County Commission Chairman Anthony Rodriguez, who has so far refused to say when – or even if – he will allow the full commission to vote on it.
A group of Miami residents, including historian Marvin Dunn, filed suit last week in federal court to block the transfer of land for the proposed library.
The rain will continue through Wednesday, with a short break on Thursday and Friday.
Ronda Rousey used her signature armbar to stop Gina Carano just 17 seconds into a comeback bout between the two MMA fighters.
The only remaining roadblock: Miami Dade County Commission Chairman Anthony Rodriguez, who has so far refused to say when – or even if – he will allow the full commission to vote on it.
A group of Miami residents, including historian Marvin Dunn, filed suit last week in federal court to block the transfer of land for the proposed library.
The rain will continue through Wednesday, with a short break on Thursday and Friday.
Gas prices, inflation weigh on Americans. Many see lack of clarity on what's happening in Iran.
In courtroom testimony, Shandelle Maycock recounted the harrowing night her daughter was abandoned in the Everglades, describing the horrors they endured.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
Gas prices, inflation weigh on Americans. Many see lack of clarity on what's happening in Iran.
Incumbent GOP Sen. Bill Cassidy, who had occasionally broken with the Trump administration, lost his bid for a third term.
Russia's Putin will travel to Beijing next week to meet China's Xi. The announcement came one day after President Trump returned from his own summit with the Chinese leader.
President Trump announced Friday evening that U.S. and Nigerian military forces had killed Abu-Bilal al-Minuki, a leader in the Islamic State group.
Dr. Tracy Beth Høeg, leader of the Food and Drug Administration division responsible for regulating prescription and over-the-counter drugs, is leaving her post, a senior FDA official confirmed.
The only remaining roadblock: Miami Dade County Commission Chairman Anthony Rodriguez, who has so far refused to say when – or even if – he will allow the full commission to vote on it.
A group of Miami residents, including historian Marvin Dunn, filed suit last week in federal court to block the transfer of land for the proposed library.
CBS News Miami has confirmed from multiple sources that the Miami Dade State Attorney's office is investigating A3.
State Senator Rosalind Osgood is urging Wasserman Schultz not to run in Florida's 22nd Congressional district.
In an interview on Facing South Florida, Wasserman Schultz said the Governor's efforts to redraw the maps will almost certainly violate the Fair Districts constitutional amendment voters in Florida passed in 2010.
Dr. Tracy Beth Høeg, leader of the Food and Drug Administration division responsible for regulating prescription and over-the-counter drugs, is leaving her post, a senior FDA official confirmed.
A New York native is among 16 American passengers who are quarantining in Nebraska after being on the cruise ship that is at the center of the deadly hantavirus outbreak.
The head of the World Health Organization says "our work is not over" to contain hantavirus after evacuations from a cruise ship hit by a deadly outbreak of the illness.
An American on the repatriation flight began showing symptoms of hantavirus and another "tested mildly PCR positive for the Andes virus," the Department of Health and Human Services says.
More than 100 people from a cruise ship dealing with an outbreak of the rare and deadly hantavirus are set to be disembarked.
AARP is sounding the alarm because it is so easy to fall for these schemes, but there are simple things everyone can do to protect themselves.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
"Survivor" 48 and 50 contestant Joe Hunter believes his sister Joanna, whose death was ruled a suicide, was murdered. He and their mother are working to be Joanna's voice and advocate for others who have experienced domestic violence.
The Library of Congress revealed this year's list of 25 recordings to be preserved for future generations on the National Recording Registry.
"The Devil Wears Prada 2" edges out "Mortal Kombat II" at the North American box office this weekend.
A trial in the lawsuit between Blake Lively and Justin Baldoni was set to begin later in May.
The performance followed similar shows by Madonna in 2024 and Lady Gaga last year on one of the world's most iconic waterfronts.