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Big banks PANIC as Trump moves to slash credit card rates

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IroNat:

chaos:
Oh no, how will they ever recover their 30% loans. ::)

GymnJuice:
I was going to say that I agree with Trump's instinct but he's meddling too much into the free markets, that people should just stop buying stuff they can't afford and pay off their debts each month. Then I googled to see if there's already a limit on what companies can charge for interest on loans. Apparently, there are already laws on the books in many states for general consumer loans. The credit cards bypass these state laws to charge higher interest rates. So, I think he's not wrong, the credit card companies should be held to the same standards as other lending companies.

deadz:
10% will not happen. Wishful thinking on Mr. Trumps part. Long live the King. MAGA or GTFO!!

Primemuscle:
Who pays interest on credit card balances? Not me.

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