119th Congress · introduced in the Senate · Feb 4, 2025
10 Percent Credit Card Interest Rate Cap Act
Official title from Congress.gov
Latest action (Feb 4, 2025): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
View on Congress.govPolicy area: Finance and Financial Sector
Congressional Research Service summary, version: Introduced in Senate (Feb 4, 2025)
10 Percent Credit Card Interest Rate Cap Act
This bill temporarily caps credit card interest rates at 10%.
Creditors that knowingly violate this bill forfeit the entire interest of the debt. The bill also provides a private right of action for debtors to recover interest, finance charges, or fees. The action must be brought within two years of the violation. In addition, violations of this bill are subject to civil liability under the Truth in Lending Act, which is enforced by the Consumer Financial Protection Bureau and the Federal Trade Commission.
These changes sunset on January 1, 2031.
Includes amendment, cloture, and procedural votes. Each is labeled with its exact question; only a passage question is a vote to pass the bill.
No recorded roll calls on this bill in coverage.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in Senate
Actions from Congress.gov, newest first.
LD-2 reports whose issue descriptions explicitly cite this bill (bill type and number validated against Congress.gov records). A citation does not establish the client's position or any contact with a member.
Loading lobbying reportsCoverage: reports for 2025 onward, posted Jan 1, 2025 through Oct 23, 2026.
71 citations; showing the 25 most recently posted.
MASTERCARD WORLDWIDE · lobbying firm or registrant: CGCN GROUP, LLC
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 21, 2026 · issue area: Banking
$80,000
Paid to lobbying firm
…tance, debit interchange price controls, and routing mandates for credit cards (S.3623 and H.R.7035, H.R.7035 and S.3623) Issues related to interest rate caps (S.381 and H.R. 1944) Issues related to small business growth Issues related to payment security and fraud and scam prevention Issues related to payment modernization…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
HUNTINGTON BANCSHARES INCORPORATED · lobbying firm or registrant: HUNTINGTON BANCSHARES INCORPORATED
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 20, 2026 · issue area: Banking
$250,000
Spent on own lobbying
…Housing Act H.R. 6553/S.5452, Tailoring and Indexing Enhanced Regulations (TIER) Act H.R. 7548/S. 3774, Safeguarding Consumers from Advertising Misconduct Act S. 381, 10 Percent Credit Card Interest Rate Cap Act H.R.2978/S.2544, Guarding Unprotected Aging Retirees from Deception (GUARD) Act
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
SYNCHRONY FINANCIAL · lobbying firm or registrant: SYNCHRONY FINANCIAL
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 20, 2026 · issue area: Financial Institutions/Investments/Securities
$170,000
Spent on own lobbying
Issues relating to consumer credit, including proposed credit card rate caps (S. 381/H.R. 1944: 10 Percent Credit Card Interest Rate Cap Act); and credit reporting under the Fair Credit Reporting Act (S. 4622); Issues relating to debt settlemen…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
JPMORGAN CHASE HOLDINGS LLC · lobbying firm or registrant: JPMORGAN CHASE HOLDINGS LLC
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 20, 2026 · issue area: Consumer Issues/Safety/Products
$1,460,000
Spent on own lobbying
S. 381, H.R. 1944, S. 2781, S. 3623, H.R. 7035, S. 4244, S. 3793, S. 3721, S. 3660, H.R. 7548, S. 3774 - Discussed consumer protection, fraud and scam prevention, dig…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
MASTERCARD WORLDWIDE · lobbying firm or registrant: MASTERCARD WORLDWIDE
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 20, 2026 · issue area: Banking
$1,850,000
Spent on own lobbying
…change, cost of acceptance, debit interchange price controls, and routing mandates for credit cards (H.R.7035 and S.3623) Issues related to interest rate caps (S.381 and H.R. 1944) Issues related to digital assets and stablecoins (H.R. 3633) Issues related to small business growth Issues related to payment security and frau…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN BANKERS ASSOCIATION · lobbying firm or registrant: AMERICAN BANKERS ASSOCIATION
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 20, 2026 · issue area: Banking
$3,100,000
Spent on own lobbying
…t) S. 394/ S.919, Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS) S.3623/H.R.7035, Credit Card Competition Act of 2026 H.R. 1944/S. 381, the 10 Percent Credit Card Interest Rate Cap Act H.R. 654, the Taking Account of Bureaucrats Spending (TABS) Act of 2025 H.R. 987/S. 401, the Fair Access to B…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
SYNCHRONY FINANCIAL · lobbying firm or registrant: PORTERFIELD, FETTIG & SEARS, LLC
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 19, 2026 · issue area: Banking
$60,000
Paid to lobbying firm
Issues relating to consumer credit, including proposed credit card rate caps (S. 381/H.R. 1944: 10 Percent Credit Card Interest Rate Cap Act); Issues relating to the Consumer Financial Protection Bureau, including general credit card issues.
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
CARD POLICY COUNCIL · lobbying firm or registrant: PORTERFIELD, FETTIG & SEARS, LLC
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 19, 2026 · issue area: Banking
$50,000
Paid to lobbying firm
S.3623/H.R.7035 - Credit Card Competition Act of 2026; interest rate caps; Federal Reserve's Proposed Reg II Rule; S.381/H.R.1944, 10 Percent Credit Card Interest Rate Cap Act.
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAS CREDIT UNIONS, FKA CREDIT UNION NATIONAL ASSOCIATION, INC. DBA AMERICA · lobbying firm or registrant: AMERICAS CREDIT UNIONS, FKA CREDIT UNION NATIONAL ASSOCIATION, INC. DBA AMERICAS CREDIT UNIONS
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 14, 2026 · issue area: Banking
$1,060,000
Spent on own lobbying
…et Capital Access Act (H.R. 6955) Oppose Repealing Big Brother Overreach Act (H.R. 425; S. 100) Oppose 10 Percent Credit Card Interest Rate Cap Act (H.R. 1944; S. 381; Senate Amendment 2239) Oppose Credit Card Competition Act (Senate Amendments 2229, 2230, 2345, 4305; S. 3623; H.R. 7035) Oppose commissary interchange fee stu…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
MICHIGAN CREDIT UNION LEAGUE · lobbying firm or registrant: MICHIGAN CREDIT UNION LEAGUE
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 13, 2026 · issue area: Banking
$40,000
Spent on own lobbying
…ure the CFBP from a one director led agency to a 5-member commission led agency. MCUL is opposed to the 10 Percent Credit Card Interest Rate Cap Act (H.R. 1944/S.381) and is educating members of Congress on the negative impact the legislation would have on a substantial number of Americans, especially those with poor credit…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
SYNCHRONY FINANCIAL · lobbying firm or registrant: SYNCHRONY FINANCIAL
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 20, 2026 · issue area: Financial Institutions/Investments/Securities
$430,000
Spent on own lobbying
Issues relating to consumer credit, including proposed credit card rate caps (S. 381/H.R. 1944: 10 Percent Credit Card Interest Rate Cap Act); and credit reporting under the Fair Credit Reporting Act (S. 4622); Issues relating to debt settlemen…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
MASTERCARD WORLDWIDE · lobbying firm or registrant: MASTERCARD WORLDWIDE
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 20, 2026 · issue area: Banking
$1,610,000
Spent on own lobbying
…change, cost of acceptance, debit interchange price controls, and routing mandates for credit cards (H.R.7035 and S.3623) Issues related to interest rate caps (S.381 and H.R. 1944) Issues related to small business growth Issues related to payment security and fraud and scam prevention Issues related to artificial intelligen…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
JPMORGAN CHASE HOLDINGS LLC · lobbying firm or registrant: JPMORGAN CHASE HOLDINGS LLC
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 20, 2026 · issue area: Consumer Issues/Safety/Products
$1,190,000
Spent on own lobbying
S. 381, H.R. 1944, S. 2781, S. 3623, H.R. 7035, S. 4244, S. 3793, S. 3721, S. 3660, H.R. 7548, S. 3774 - Discussed consumer protection, fraud and scam prevention, dig…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN BANKERS ASSOCIATION · lobbying firm or registrant: AMERICAN BANKERS ASSOCIATION
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 20, 2026 · issue area: Banking
$3,510,000
Spent on own lobbying
…t) S. 394/ S.919, Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS) S.3623/H.R.7035, Credit Card Competition Act of 2026 H.R. 1944/S. 381, the 10 Percent Credit Card Interest Rate Cap Act H.R. 654, the Taking Account of Bureaucrats Spending (TABS) Act of 2025 H.R. 987/S. 401, the Fair Access to B…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
SYNCHRONY FINANCIAL · lobbying firm or registrant: PORTERFIELD, FETTIG & SEARS, LLC
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 20, 2026 · issue area: Banking
$60,000
Paid to lobbying firm
Issues relating to consumer credit, including proposed credit card rate caps (S. 381/H.R. 1944: 10 Percent Credit Card Interest Rate Cap Act); Issues relating to the Consumer Financial Protection Bureau, including general credit card issues.
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
CARD POLICY COUNCIL · lobbying firm or registrant: PORTERFIELD, FETTIG & SEARS, LLC
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 20, 2026 · issue area: Banking
$50,000
Paid to lobbying firm
S.3623/H.R.7035 - Credit Card Competition Act of 2026; interest rate caps; Federal Reserve's Proposed Reg II Rule; S.381/H.R.1944, 10 Percent Credit Card Interest Rate Cap Act.
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
MASTERCARD WORLDWIDE · lobbying firm or registrant: CGCN GROUP, LLC
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 20, 2026 · issue area: Banking
$80,000
Paid to lobbying firm
…tance, debit interchange price controls, and routing mandates for credit cards (S.3623 and H.R.7035, H.R.7035 and S.3623) Issues related to interest rate caps (S.381 and H.R. 1944) Issues related to small business growth Issues related to payment security and fraud and scam prevention Issues related to payment modernization…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
HUNTINGTON BANCSHARES INCORPORATED · lobbying firm or registrant: HUNTINGTON BANCSHARES INCORPORATED
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 19, 2026 · issue area: Banking
$170,000
Spent on own lobbying
…Road to Housing Act H.R. 6553, Tailoring and Indexing Enhanced Regulations (TIER) Act H.R. 7548/S. 3774, Safeguarding Consumers from Advertising Misconduct Act S. 381, 10 Percent Credit Card Interest Rate Cap Act
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN EXPRESS COMPANY · lobbying firm or registrant: AMERICAN EXPRESS COMPANY
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 17, 2026 · issue area: Banking
$470,000
Spent on own lobbying
…ted to payments modernization & payment fraud H.R. 1944, the 10 Percent Credit Card Interest Rate Cap Act, provisions related to credit card interest rate caps S. 381, the 10 Percent Credit Card Interest Rate Cap Act, provisions related to credit card interest rate caps H.R. 8398, the GUARD Act, provisions related to the tre…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAS CREDIT UNIONS, FKA CREDIT UNION NATIONAL ASSOCIATION, INC. DBA AMERICA · lobbying firm or registrant: AMERICAS CREDIT UNIONS, FKA CREDIT UNION NATIONAL ASSOCIATION, INC. DBA AMERICAS CREDIT UNIONS
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 17, 2026 · issue area: Banking
$1,290,000
Spent on own lobbying
…et Capital Access Act (H.R. 6955) Oppose Repealing Big Brother Overreach Act (H.R. 425; S. 100) Oppose 10 Percent Credit Card Interest Rate Cap Act (H.R. 1944; S. 381; Senate Amendment 2239) Oppose Credit Card Competition Act (Senate Amendments 2229, 2230, 2345, 4305; S. 3623; H.R. 7035) Oppose commissary interchange fee stu…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN BANKERS ASSOCIATION · lobbying firm or registrant: EMPIRE CONSULTING GROUP
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 16, 2026 · issue area: Banking
$50,000
Paid to lobbying firm
S.381, 10 Percent Credit Card Interest Rate Cap Act. SCAM Act. Main Street Community Banking.
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
MICHIGAN CREDIT UNION LEAGUE · lobbying firm or registrant: MICHIGAN CREDIT UNION LEAGUE
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 10, 2026 · issue area: Banking
$40,000
Spent on own lobbying
…ure the CFBP from a one director led agency to a 5-member commission led agency. MCUL is opposed to the 10 Percent Credit Card Interest Rate Cap Act (H.R. 1944/S.381) and is educating members of Congress on the negative impact the legislation would have on a substantial number of Americans, especially those with poor credit…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
MASTERCARD WORLDWIDE · lobbying firm or registrant: CGCN GROUP, LLC
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 21, 2026 · issue area: Banking
$80,000
Paid to lobbying firm
…tance, debit interchange price controls, and routing mandates for credit cards (S.3623 and H.R.7035, H.R.7035 and S.3623) Issues related to interest rate caps (S.381 and H.R. 1944) Issues related to small business growth Issues related to payment security and fraud and scam prevention Issues related to payment modernization…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
HUNTINGTON BANCSHARES INCORPORATED · lobbying firm or registrant: HUNTINGTON BANCSHARES INCORPORATED
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 21, 2026 · issue area: Banking
$150,000
Spent on own lobbying
…for a New Era Act (STREAMLINE Act) S. 2296/S 2651, Renewing Opportunity in the American Dream to Housing Act of 2025 H.R. 3633 Digital Asset Market CLARITY Act S. 381, 10 Percent Credit Card Interest Rate Cap Act
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN BANKERS ASSOCIATION · lobbying firm or registrant: AMERICAN BANKERS ASSOCIATION
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Banking
$3,140,000
Spent on own lobbying
…t) S. 394/ S.919, Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS) S.3623/H.R.7035, Credit Card Competition Act of 2026 H.R. 1944/S. 381, the 10 Percent Credit Card Interest Rate Cap Act H.R. 654, the Taking Account of Bureaucrats Spending (TABS) Act of 2025 H.R. 987/S. 401, the Fair Access to B…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing