Credit Card Interest Rate Caps Could Harm Working Families

Capping credit card interest rates could lead to reduced credit access for working families, potentially pushing them towards high-interest payday lenders, similar to past price control failures.

26 Feb, 10:00 — 26 Feb, 10:00

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Fox News2h ago

Why capping credit card interest rates will kill credit for working families

Price controls on credit cards could create shortages like President Nixon's 1971 gasoline controls, forcing consumers toward payday lenders and reducing credit access.

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Credit Card Interest Rate Caps Could Harm Working Families

Read at source (1 outlet)

Why capping credit card interest rates will kill credit for working families

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