Candidates of Both Parties Pitch Credit Card Interest Rate Caps
By PYMNTS
AI summary of the source article
Candidates from both parties are advocating caps on credit card interest rates ahead of midterm elections. The proposals respond to voter frustration over credit card rates that have nearly doubled over the past decade.
Why it matters
These candidates aim to capitalize on voter frustration with credit card interest rates that are nearly double what they were a decade ago.
Key facts
- Political candidates from both parties are advocating caps on credit card interest rates ahead of midterm elections.
- Credit card interest rates are nearly double what they were a decade ago.
Source excerpt · PYMNTS
Candidates of both parties are advocating caps on credit card interest rates as they campaign for next week’s midterm elections, Bloomberg reported Saturday (Oct. 31). These candidates aim to capitalize on voter frustration with credit card interest rates that are nearly double what they were a decade ago, and a credit card delinquency rate that […] The post Candidates of Both Parties Pitch Credit…