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Credit card interest rates are near record highs and President Trump has called for a 10% cap on those rates starting Tuesday.

The temporary injunction imposed by Judge Mark Pittman in the Northern District of Texas is a win for the big banks and major credit card companies. The plan was set to go into effect next week.

The firm says 40 million Americans' scores will drop by more than 20 points, and a similar number will rise.

The FTC order came after nearly a third of Credit Karma users who were told they qualified for preapproved credit card offers were actually turned down, wasting their time and hurting credit scores.

President Trump says he thinks big companies would use the program to hire foreign students graduating from top U.S. colleges, keeping top talent in America.

Called "buy-now, pay-later" loans, they essentially work the way they sound. Shoppers borrow money to buy goods then pay the loan back over time, often interest-free. Experts share risks and benefits.

New research finds that people who use it the most tend to use it like a credit card, instead of a credit card. And that's regardless of income.

Regulators say the companies hurt hundreds of thousands of users of the credit card, which Apple launched in 2019.

"We are foreign prisoners in Shanghai Qingpu prison China," the note said in English. "Forced to work against our will. Please help us and notify human rights organization."

The U.S. is no longer rated at the top-notch AAA by Fitch. Here's what credit ratings are, and why they (mostly) matter.