Annual Percentage Rate - Providence Business News

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GOOD OR BAD IDEA? President Donald Trump has proposed capping annual percentage rates for credit cards at 10%, but some in the financial services industry think such a move could have a negative ripple effect. AP FILE PHOTO/STEVE HELBER

Banks, airlines wary of credit card interest cap

Financial Services 03/13/2026

When President Donald Trump announced earlier this year that he planned to order credit card companies to cap the annual percentage rate at 10%...

AT IT AGAIN: State Rep. Karen Alzate, D-Pawtucket, says the first bill she filed this legislative session was one that would restrict payday lenders, a measure that some legislators have been trying to get passed for more than a decade.  PBN PHOTO/MICHAEL SALERNO

Payday lender opponents renew legislative effort

Financial Services 03/14/2025

Advocates for payday lending reform celebrated lin 2023 when the House voted overwhelmingly for a bill they believed would finally curtail so-called “payday lenders,”...

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