Subject: Re: 10% credit card rates
It's about appearances.

Liberals won't hurt their Big Bank Buddies.

There's also a substantive issue. Credit cards are unsecured consumer debt issued without any prior underwriting or approval up to the limit of the card. Profitable, but risky. If you limit credit card interest to 10%, a lot of people won't be able to get credit cards. Especially poor people. And since not having a credit card can be pretty rough in the modern economy, this is a tough lift.