Trump’s 10% Cap: Will Banks Collapse Now?
Could a 10% credit card interest rate cap from Donald Trump trigger a catastrophic economic collapse? Bank insiders are sounding the alarm, warning that such a move would make it impossible to offer credit to many consumers, leading to significantly reduced spending. This could force businesses like airlines and restaurants to raise prices, disproportionately impacting those with less-than-ideal credit profiles who would lose access to essential financial tools. The path to implementing this policy remains highly uncertain, leaving the financial industry in a state of panic. Stay informed by subscribing to our channel for more crucial financial updates.
Tags/Hashtags: #citigroup #visa #mastercard
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