President Trump’s proposal of capping credit card interest at 10% could spell trouble for consumers
Newell Normand · Audacy
January 22, 202614m 6s
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Show Notes
Steve Swedberg, Finance & Monetary Policy Analyst at the Competitive Enterprise Institute (CEI), joins Newell to share his concerns about President Trump’s proposal of capping credit card interest at 10%. Sweberg warns that this could limit consumer access to credit cards, allow riskier payment alternatives to creep in, and burden current cardholders with more fees.
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