Credit card companies are easy to vilify, but the wrong target for consumer ire

Source: Washington Examiner · Bias: Center Right

Summary

A proposal pitched as a way to help consumers struggling with interest rates is unsettling the financial sector. As President Donald Trump and other populist lawmakers push for a 10% cap on credit card interest rates, banks argue that such a cap could limit access to credit. Trump initially proposed during his 2024 presidential campaign […]

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Credit card companies are easy to vilify, but the wrong target for consumer ire
Washington Examiner

Credit card companies are easy to vilify, but the wrong target for consumer ire

Center Right

A proposal pitched as a way to help consumers struggling with interest rates is unsettling the financial sector. As President Donald Trump and other populist lawmakers push for a 10% cap on credit card interest rates, banks argue that such a cap could limit access to credit. Trump initially proposed during his 2024 presidential campaign […]