10 Percent Credit Card Interest Rate Cap Act

1. 01

   How would a 10 percent interest rate cap affect credit card companies' ability to approve loans for borrowers with poor credit histories?

2. 02

   What evidence exists that capping interest rates would reduce overall consumer debt or increase financial stability for households?

3. 03

   If credit card companies cannot earn interest above 10 percent, what alternative fees or lending practices might they adopt instead?

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