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President Trump said that credit card companies would be in violation of the law if they failed to comply with his demand by January 20 for a 10% cap on interest rates.

#trump #creditcard #interestrate #banking #economy #News #Reuters #Newsfeed

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5Comments

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  1. 2
    @Kopernicus67

    This is a con job. Problem is people putting necessities on credit cards. This just extends the problem beyond Trump’s lifetime/term. How about lower costs so people use credit less???
    Just like lowering the prime rate, sure, it is POPULAR. But in the end will make matters WORSE.
    We already have a housing bubble (again) and learned nothing from the last time.

  2. 5
    @BrendaBadillo-m6r

    Yes we do know, and I’m shutting my credit cards down one at a time. Why does he assume we are so stupid we aren’t paying attention to our bill statements.

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