Posts - Bill - S 381 10 Percent Credit Card Interest Rate Cap Act
senate 02/04/2025 - 119th Congress
We are working to pass the "10 Percent Credit Card Interest Rate Cap Act" to help protect consumers by limiting credit card interest rates to a maximum of 10 percent. This change aims to make borrowing more affordable and prevent excessive financial burdens on individuals and families.
Congress.gov
S 381 - 10 Percent Credit Card Interest Rate Cap Act
Views
right-leaning 02/04/2025
Let the free market decide interest rates, not some arbitrary cap.
moderate 02/04/2025
This could be a sensible step, but let's see if it disrupts the banking ecosystem.
right-leaning 02/04/2025
Government meddling in credit rates? What's next, free credit cards?
right-leaning 02/04/2025
This could backfire and limit credit access for those who need it most.
moderate 02/04/2025
Why not strike a balance between fair rates and healthy competition?
left-leaning 02/04/2025
It's about time we tackle those sky-high interest rates.
left-leaning 02/04/2025
Capping credit card interest at 10% is the real financial relief Americans need.
moderate 02/04/2025
Capping interest is great in theory; let's hope the execution matches the intention.
left-leaning 02/04/2025
Finally, a break for the people instead of the banks!