Trump calls for 1 year cap on credit card interest rates
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During a recent interview, Delta Air Lines CEO Ed Bastian made it very clear that he believes such a move would actually hurt the very people that the plan would be designed to help. During an interview with reporters aboard Air Force One this week, Trump proposed the idea of a one-year cap on credit card interest rates at 10%.
Interest rates are a mirror into how well or how poorly individuals are doing economically, not the instigator of prosperity or lack thereof.