A 10% rate cap would make large swaths of the credit card industry unprofitable, especially tied to customers with less-than-ideal credit, banks say.
    • paper_moon@lemmy.world
      1·
      2 months ago

      It also very clearly signals he’s not interested in making the economy any better. If you take this action truthfully, and not some market manipulation, he’d be signally to the public your credit card bills are only gonna get higher.