Trump to temporarily cap credit card interest at 10%

[Debp]

 

[Rockerduck]

It should be illegal to charges interest rates over 10%. Even with great credit, credit card companies charge over 20%. It keeps people in dept they can never pay off.

 

[Taken]

It should be illegal to charges interest rates over 10%. Even with great credit, credit card companies charge over 20%. It keeps people in dept they can never pay off.

Scripturally, usury (ie. Interest) was not to be charged to “your own”… rather charged to outside of “your own”…

And “borrowing” to “loan” is corrupt!

Glory to God,
Taken

 

[lforrest]

So what happens when the banks cap interest rates on loans and the fed sets interest above that number?

 

[Rockerduck]

So what happens when the banks cap interest rates on loans and the fed sets interest above that number?

When President Trump was in office, he pressured the feds to lower the interest rates. they did and the economy took off. Homes sales ski rocketed.

 

[Debp]

It should be illegal to charges interest rates over 10%. Even with great credit, credit card companies charge over 20%. It keeps people in dept they can never pay off.

I feel sorry for people that cannot pay off their credit card bills each month.