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Prairie Gates

(7,282 posts)

17. Credit card rates are usurious and we should cap them by regulation

Reply to mr715 (Reply #11)

Wed Jan 14, 2026, 04:25 PM

Wednesday

if the credit card companies are worried about default, they can deny people cards or cut their limits.

Obviously, Trump isn't going to magically reduce rates to 10% (which is significantly less than most non-intro rates across the board), but wanting an actual law that caps credit card interest rates for carried balances is completely reasonable and a totally progressive agenda item.

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mr715

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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