>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.
>>545964726This is old, remember SCOTUS destroyed the ability of Fed Judges to halt nation wide. This ruling nowdays wont do shit cause it can only be "enforced" on the district the judge oversees. Thank, Chief Justice Roberts
>>545965744I just meant that if they can convince Trump, then he may manage to get his people in line. So far, too many of hisbdonors/party live off of scams, payday loans, predatory schemes, exorbitant fees, etc.
>>545961568because it doesnt workcredit cards have high interest rates because alot of people dont pay them backif you cap the interest rates they will simply cease to exist
>>545966462Just don't give cards to people with low credit score?
>>545966561which is another way of saying they will dissapear for alot of people
>>545966561>Just don't give cards to people with low credit score?and how will people raise their CC then?
>>545966561but how will the economy fight back inflation in a volitile market that gets dictated by korean computerchip vendors ?!
>>545961259A usury cap? not as good as a usury ban but in the right direction
>>545966639Pretty sure millions of Americans cover their debt in time, why not reward them and punish the people who exploit the system?>>545966675Back in my day I had to go to a bank to get a consumer loan.
>>545963838Lending money is not a business model. That's where your brain and all the boomer brains broke from the jewesh usury serum.
>>545961431Illegals are debt-sterile. Each new migrant represents a new series of loans which can be levied upon them.
>>545966711what are you even trying to say, you russian commie nigger?
>>545966750>Lending money is not a business modelyes it is and has been since the the dawn of time
>>545961259>putting a cap on usurycapitalism and israel will fight tooth and nail against that
source?
>>545961501That's not it. When Kushner met with Jeffries Jeffries told him he was going to be investigated and arrested if Trump didn't play along with the democrat agenda. Trump is so flagrantly corrupt and so is his familiy. He had no choice but to accept and push all the democrat proposals effectively making him a puppet;.
>>545961477>Credit cards won't exist with 10% ratesSure they can, they just have to limit CC's to $500 max if you don't have good credit.
>>545966779no its not its invalid and always has been. ur idea of an investment is incredibly warped
>tfw illegals are loaned purchases made on maxed credit cards at 15% interestNew American bizness unlocked>inb4Someone will do this, at a reasonable scale too.
>>545964675DACA are illegals.
>>545966711>Pretty sure millions of Americans cover their debt in time, why not reward them and punish the people who exploit the system?https://www.youtube.com/watch?v=vJuiXt-BbTca 5000$ loan with 116% interest....yeah i am pretty sure most muttmerican niggers were able to make that
>>545966832go back to your muslim shithole, Mahmutwhite people have created the entire modern world by lending money
>>545961259Elizabeth Warren and Bernie Sanders are now the far right fascists defending the system from the brown destroying locusts that Trump pretended not to import.
>>545966875Western Sky is an absolute last resort option for people with bottom of the barrel credit history. "Yes the money is expensive", in their own words.
>>545966825You backwards retard. It's a Trump idea that the left is stealing again. Like when Kamala starting saying vote for her and get no tax on tips LOL The left has no clue what the American people want because they've been too busy giving global corporations and China what they want. So they have to refer to Trump to figure it out.
>>545961349it's actually based, banks will stop giving cards to poors
>>545961349>>545961477>>545961936>>545962190Didnt take very long for the kike shills to show up did it?>>545961568One of the ways you can tell how astroturfed this site is. Watch how many anons pop out of the woodwork to shout down any proposal no matter how sensible that helps regular people. It always happens without fail. Slimey kikes show up to lecture you about how white people being poor and/or dead is actually a good thing for the economy.
>>545961349even if it does, all it leads to is plenty of people no longer getting access to credit cards.which will probably be a good thing though. if you're so retarded with money that even a 10% interest rate on your loan seems like a dangerous investment, then you shouldn't have any access to loans.
