Will Trump's Credit Card Rate Cap Work?
From The Desk Of Anthony Pompliano·2026-01-18 02:31
President Trump announced plans to cap credit card interest rates at 10%. Is this a good idea. Now, the first thing you got to go and you got to look at is are interest rates high on credit cards.Absolutely. It's somewhere between 20 to 24%. Now, the reason why it's 20 to 24% is that the credit card game is actually highly competitive.People are constantly trying to figure out how do I underwrite the risk by lending money to these people. If I can figure out a way to lend them money at a lower rate, that me ...