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Halls of Shrewd'm / US Policy
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Author: marco100   😊 😞
Number: of 75971 
Subject: Re: 10% credit card rates
Date: 01/12/26 10:04 PM
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Limiting credit card interest rates to 10%, assuming there's any legal way of doing that in the first place, will simply result in people with low credit scores being unable to obtain credit at all.

Price controls = shortages.

As a matter of fact, since the typical credit card interest rate for even people with good credit is usually no less than 18%, no one will be able to have a credit card.

It's a silly idea.
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