Two major newspaper editorial boards slam proposed 10% credit card rate cap
By ABA Banking Journal Staff
AI Summary
• Major newspaper editorial boards argue a 10% cap on credit card interest rates would harm consumers and businesses.
• The editorials suggest such a cap could make credit less accessible, which may have broader economic implications.
Texas Relevance
The article does not mention Texas or any Texas-specific entities. It is focused on national viewpoints regarding the proposed interest rate cap.
Original Content
A proposed 10% cap on credit card interest rates would harm consumers by making credit less accessible and have negative consequences for businesses of all sizes, the Washington Post and Wall Street Journal wrote in separate editorials. The post Two major newspaper editorial boards slam proposed 10% credit card rate cap appeared first on ABA Banking Journal .