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Happy Hoosier

(7,454 posts)

10. Be careful what you wish for....

Reply to GoodRaisin (Reply #8)

Wed Mar 6, 2024, 12:27 PM

Mar 6

Usurial rates are awful, of course, but the alternative might be that the poor lose access to unsecured credit.

That might be a terrible thing in some sense, but it would definitely have a significant impact.

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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

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

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

And that is why you'll often see banks (and/or entities that offer credit cards) BumRushDaShow Mar 6 #9

Both need to be cut. GoodRaisin Mar 6 #8

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

Chopped up the card and sent it back the first time those junk fees appeared Warpy Mar 5 #4

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