10 Percent Credit Card Interest Rate Cap Act

This bill caps credit card interest rates at 10% annually for all finance charges, directly affecting credit card users by limiting how much lenders can charge. It prohibits lenders from using non-finance fees (like annual fees) to bypass this cap, and allows consumers to recover overpaid interest within two years of payment. The cap expires on January 1, 2031, and does not override stricter state consumer protections. This is a permanent policy change for credit card terms until the sunset date.