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AloeVera

(4,011 posts)

4. It likely won't benefit the real poor.

Reply to gab13by13 (Original post)

Wed Jan 14, 2026, 03:17 PM

Wednesday

I bet there are conditions in the "fine print" that would punish late payors or those exceeding a percentage of their credit limit. Guess who those would be?

Another scenario is that absolutely credit card companies will tighten who they give credit to. That will leave the poorest of the poor at the mercy of payday and other predators.

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BeerBarrelPolka

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Highlight:

Krasnov To Impose Mandatory 10% Maximum Interest On Credit Cards [View all] gab13by13 Wednesday OP

I'm still waiting on my $2000 tariff relief check kimbutgar Wednesday #1

Plus the $5k from Musk's DOGE leftstreet Wednesday #7

He doesn't have the power Jerry2144 Wednesday #2

Prosecuted for what, exactly? Happy Hoosier Wednesday #3

It likely won't benefit the real poor. AloeVera Wednesday #4

He'll forget he said that GenThePerservering Wednesday #5

There's nearly a 0% chance this actually happens AZJonnie Wednesday #6

He did put a date on it, gab13by13 Wednesday #9

This threatened executive order reminds me.... Thunderbeast Wednesday #8

Where did you get the idea that anyone would be prosecuted? Fiendish Thingy Wednesday #10

From Krasnov, gab13by13 Wednesday #13

And you believed him? Fiendish Thingy Wednesday #20

Elizabeth Warren was behind this nt mr715 Wednesday #11

Credit card rates are usurious and we should cap them by regulation Prairie Gates Wednesday #17

Trump, Musk and Vought effectively dismantled the CFPB. John1956PA Wednesday #12

It's a shakedown Bettie Wednesday #14

Senator Elizabeth Warren Greg_In_SF Wednesday #15

If he actually did this, banks would destroy him in a flash. unblock Wednesday #16

JPMorgan Chase says banks could fight Trump credit card rate cap: 'Everything's on the table' dalton99a Wednesday #18

The credit card company CEOs will be over by noon tomorrow... jmowreader Wednesday #19