At the end of last year, the average credit card’s interest rate, also known as annual percentage rate (APR), was 21.5 percent. A new bill with bipartisan support proposes capping APRs at 10 percent. Breno Braga, a wealth and financial well-being expert at the Urban Institute, spoke with Yahoo! Finance about finding the sweet spot for a cap. “At the end of the day, it’s a trade-off,” said Braga. “You want to maximize the number of people that benefit from it and minimize the number of people that suffer from it.”  

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