The Battle Over the 10% Credit Card Interest Rate Cap: Washington Gridlock, Public Demand, and What It Means for Your Wallet
For millions of Americans grappling with stubborn inflation and the crushing weight of high-interest debt, the idea of a government-mandated limit on credit card rates sounds like a long-overdue financial lifeline. Imagine carrying a $500—or $5,000—balance on a credit card charging a punishing 24% Annual Percentage Rate (APR), only to see that interest rate slashed…
