Source: The Dispatch
by Kevin D Williamson
“Donald Trump, who once crowned himself the ‘king of debt,’ wants credit card interest rates capped at 10 percent. He has urged the industry to adopt that cap voluntarily — which is not going to happen — but also has suggested to Congress that it should impose such a cap through law. The effect of doing this would not be to save Americans money on interest payments. The effect would be to deprive many Americans of access to ordinary consumer credit, beginning with those who have lower incomes and lower credit scores.” (01/30/26)
https://thedispatch.com/article/credit-card-cap-debt-trump-catastrophe/