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  4. Cap on credit card rates?

Cap on credit card rates?

Scheduled Pinned Locked Moved Off Key - General Discussion
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  • MikM Offline
    MikM Offline
    Mik
    wrote on last edited by
    #1

    Interesting idea. Strange bedfellows, but still..

    https://www.msn.com/en-us/news/politics/bernie-sanders-announces-legislation-to-codify-trump-s-great-campaign-proposal/ar-AA1wMiei

    “I refuse to answer that question on the grounds that I don't know the answer”
    ― Douglas Adams

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    • S Offline
      S Offline
      Steve Miller
      wrote on last edited by
      #2

      Rate on CCs was capped at 18% for a long time. Don’t remember when it changed.

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      • D Offline
        D Offline
        Daniel
        wrote on last edited by
        #3

        There's nothing wrong with usury laws. A strong network of state usury laws was one reason out of many for the high watermark of American middle and working class wealth in the mid-century.

        'But as they said in one of the later Rocky movies, "Time...it's undefeated.".-- Mik

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