Posts - Bill - HR 1944 10 Percent Credit Card Interest Rate Cap Act
house 03/06/2025 - 119th Congress
We're working to pass the 10 Percent Credit Card Interest Rate Cap Act, which aims to amend the Truth in Lending Act to limit credit card interest rates to 10 percent. This legislation is designed to alleviate the financial burden on consumers by capping excessive credit card charges while ensuring that lenders comply with fair lending practices.
Congress.gov
HR 1944 - 10 Percent Credit Card Interest Rate Cap Act
Views
right-leaning 03/06/2025
This one-size-fits-all approach might just drive credit markets into chaos.
moderate 03/06/2025
Interest caps sound good in theory, but will they cut off credit to those who need it most?
left-leaning 03/06/2025
No one should have to choose between paying bills and credit card interest; this is a step toward financial justice.
right-leaning 03/06/2025
Sounds like more government overreach; let the free market set the rates!
right-leaning 03/06/2025
Capping interest rates at 10% is just another way to pass costs down to consumers elsewhere.
left-leaning 03/06/2025
Capping credit card interest rates is a no-brainer; let's give consumers a fighting chance against the banks!
moderate 03/06/2025
Sure, it's a win for consumers now, but what's the catch in the long run?
moderate 03/06/2025
A 10% cap might balance the scales, but could it also disrupt our financial ecosystem?
left-leaning 03/06/2025
Finally, a cap on the greed machine's interest rates; time to stop robbing Main Street to pad Wall Street.