Trump’s Proposed Interest Rate Cap Will Hurt the People It’s Supposed to Help

Trump’s Proposed Interest Rate Cap Will Hurt the People It’s Supposed to Help by Ari Page

There’s been a lot of talk lately about using regulatory bodies to cap credit card interest rates as a way to lower costs for Americans in today’s softening economy. On the surface, this sounds logical. If you cap credit card interest rates to some arbitrary lower number—like the 10% cap currently being proposed—consumers’ monthly payments … Read more