10% Credit Card Rate Cap: Winners, Losers & Alternatives

<p dir="ltr">In this episode of PennyWise, host John Kiernan and guest Brett House, a Professor of Economics at Columbia Business School, talk about how a 10% cap on credit card interest rates would affect consumers and the economy. John and Brett discuss the winners and losers of a 10% rate cap, along with other ways to address affordability concerns.&nbsp;</p> <p dir="ltr">More on this episode from WalletHub:&nbsp;</p> <ul> <li dir="ltr" role="presentation"><a href="https://wallethub.com/edu/cc/credit-card-landscape-report/24927">Credit Card Landscape Report</a>&nbsp;</li> <li dir="ltr" role="presentation"><a href="https://wallethub.com/best-credit-card-rates">Best Credit Card Rates</a></li> <li dir="ltr" role="presentation"><a href="https://wallethub.com/credit-cards/0-apr/">Best 0% APR Credit Cards&nbsp;</a></li> <li dir="ltr" role="presentation"><a href="https://wallethub.com/best-balance-transfer-credit-cards">Best Balance Transfer Credit Cards&nbsp;</a></li> <li dir="ltr" role="presentation"><a href="https://wallethub.com/credit-card-calculator">Credit Card Payoff Calculator</a></li> <li dir="ltr" role="presentation"><a href="https://wallethub.com/edu/cc/what-is-a-good-apr-for-a-credit-card/42759">What Is a Good APR for a Credit Card?</a></li> <li dir="ltr" role="presentation"><a href="https://wallethub.com/edu/cc/historical-credit-card-interest-rates/25577">Historical Credit Card Interest Rates</a></li> </ul> <p><strong id="docs-internal-guid-8c361e30-7fff-ae0d-1940-f225d38b9960">If you want to take your finances to the next level, sign up for a <a href="https://wallethub.com/upgrade">WalletHub Premium subscription</a>. You can get a personalized debt repayment plan, along with budgeting tools, credit-improvement help, identity protection and more.&nbsp; </strong></p>