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(129,922 posts)

5. You realize there is no federal "min" or "cap" (by law or regulation) on credit card interest rates, right?

Tue Mar 5, 2024, 06:42 PM

Mar 5

It's controlled by some states but Congress would need to pass something like that and they haven't (for obvious "lobbying" reasons).

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14 replies

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Highlight:

Biden administration finalizes rule cutting credit card late fees [View all] BumRushDaShow Mar 5 OP

I am just going to allow myself a wink, wink smile. Baitball Blogger Mar 5 #1

Biden cares about regular people Johnny2X2X Mar 5 #2

Actually Always Blue Mar 5 #3

The Supreme Court got rid of usury in 1978 dalton99a Mar 5 #7

Both need to be cut. GoodRaisin Mar 6 #8

Be careful what you wish for.... Happy Hoosier Mar 6 #10

Get a card that doesn't charge those fees.... Happy Hoosier Mar 6 #11

While I admit that it would be convenient for big ticket items Warpy Mar 6 #12

As always, do what works for you. Happy Hoosier Mar 6 #13

I've just been shocked by how well it has worked Warpy Mar 6 #14

Kick dalton99a Mar 5 #6