Big Take Podcast
US Borrowers Owe $1 Trillion in Credit Card Debt. Could an Interest Cap Help?
On today’s Big Take podcast: President Trump has revived a campaign pledge to cap credit card interest at 10%, taking aim at a major source of revenue for big banks.
Never miss an episode. Follow The Big Take daily podcast today.
President Trump has revived a campaign pledge to cap credit card interest rates at 10%. It’s an effort to address affordability concerns among American consumers and help borrowers. But the banking industry is not thrilled about the idea – and says it could block some people from accessing credit at all.