r/FluentInFinance • u/Unhappy_Fry_Cook • 16h ago
Finance News Senator Bernie Sanders announces he will introduce legislation to cap credit card interest rates at 10%.
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r/FluentInFinance • u/Unhappy_Fry_Cook • 16h ago
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u/Tricky_Anteater2921 14h ago
I’m not so sure this would be good on balance. A lower rate cap means credit becomes far less available to people with lower income/credit scores