>Democrats looking for common ground with the White House might also seize on a credit-card interest rate cap, which Trump has endorsed. That said, exactly how a cap is set could produce very different outcomes for banks. For example, many of the biggest lenders focus on lower-rate lending to more affluent consumers, while financial-technology upstarts often pick up higher-rate loans for riskier customers.Finally bipartisan issue we can agree on
No way in hell that passes.
>>545961349Kek right? >Millions of illegals getting amnesty? Yeah thats fine>capping the CC interest?Oy
how are you going to live without a credit card?
Credit cards won't exist with 10% rates>uhh that's based though!?People will just start using payday loans, Americans fucking love debt way too much to let it go.
>>545961259All those people saying Trump was a Democrat all along working to scuttle the populist right wing movement may have been on to something.
I always pay the balance.
demand that the CUSIP and AUTOTRIS accounts be brought forward and balanced
Someone actually going to do something to help millions of Americans breathe a small sigh of relief… why would anyone be against this? Why not try SOMETHING, there’s way too much nothing happening
Oh yeah. Trump promised that two years ago. LMAO.
>>545961477Try again
>>545961259This is good but they need to do something about the student loans
>>545961568> why would anyone be against this?A certain middle eastern tribe immediately springs to mind.
>>545961259Oh great, more inflation and higher prices for responsible savers while irresponsible debt-tard consoomer slop paypigs get ANOTHER bailout.
>>545961259>>doesnt ban usuryfucking stupid wannabe prarieniggers HEYA HOYA HEYA HOYA
>>545961822checked, also, not paying mine because based biden forgave me. me. i was forgiven. BAHAHAHAHAHA FUCKING HEIL HITLER STUPID NIGGERS
>>545961259Why stop there? Why doesn't the Federal Reserve issue 0% credit cards to American citizens?And on a related subject, it seems strange to me that the processing fees on cards (credit or debit) are tolerated under the Interstate Commerce clause. Why doesn't the US government issue a national card that eliminates the processing fee?And why do we have to pay ATM fees to access our own US dollars?
>>545961936Why would less money being created as interest be inflationary? Overall limits certainly wouldn't go up with this change, so actual consumer spending capacity would not meaningfully increase.
>>545962258Higher interest rates are deflationary because they discourage spending and borrowing, shrinking the money supply in the market. It rewards savers and responsible spenders with a stronger dollar. Thats why the Fed raises interest rates in their (half-assed) attempt to lower inflation and has been doing so since 2022.
>>545962384This is the conventional narrative, and unfortunately there isn't much actual evidence to support it. What higher interest rates actually do is increase rentier income.This becomes obvious once you understand the government is the issuer of the currency and the money has to get out to everyone else first before it can spent.
>>545962545https://www.youtube.com/watch?v=mvLmFaPvUL0
>>545961477>We deserve 30% interest on fake money or we can't survive!Good, fuck you and them. If they can afford debt consolidation then they can afford 10% magic interest for doing nothing. It's literally free fucking money for them. After hearing how they'll refuse to honor credit cards for tips if they don't get their cut, I'm fucking done with them. Make fight club a documentary.
>>545962190Why don't YOU offer 0% credit cards to American citizens?They'll all pay you back in full, right? And there's no opportunity cost to lending money? So how could you possibly lose by that?
>>545961431>>Millions of illegals getting amnesty?1986 baby
>>545961259Good. And good for trump not being mister veto
>>545961431DACA folks have been working here for a decade. It's not amnesty of illegals
>>545961259Just sweet-talk the retard. Otherwise he'll keep hurting Americans for rich, corporate cunts.
