Nichols: Credit card rate cap would harm those it is meant to help
By ABA Banking Journal Staff
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Operational Brief
• Credit card rate cap would harm the intended beneficiaries according to Rob Nichols from ABA.
• The proposed 10% interest rate cap is seen as counterproductive by industry leaders.
Why It Matters for Texas Credit Unions
The article does not mention Texas or any Texas-specific entities and focuses on a national issue regarding credit card rates.
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The item has some Texas or operational relevance signals, but the site does not yet have enough support to narrow it to one institution profile with confidence.
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While the Trump administration’s concern about affordability is commendable, a proposed 10% cap on credit card interest rates would hurt the very people the president is seeking to help, American Bankers Association President and CEO Rob Nichols told Bloomberg TV. The post Nichols: Credit card rate cap would harm those it is meant to help appeared first on ABA Banking Journal .