Here. Meanwhile, WaPo’s Michelle Singletary calls Trump’s proposal ridiculous and says it’s dead on arrival, saying “If the administration were truly interested in affordability, it would have strengthened the Consumer Financial Protection Bureau rather than kneecapping it.” Not surprisingly, the bank trade organizations say the 10% cap would “reduce credit availability and be devastating for millions of American families and small businesses who rely on and value their credit cards” And Politico reports that many Republican members of congressional oppose the cap.
Credit Cards
Krugman: Democrats should not cooperate with Trump on a 10% interest rate credit card cap unless Trump restores the CFPB
Krugman’s grasp of politics is as bad as his grasp of economics is good. You really want the Democrats publicly opposing a credit card interest cap because of [obscure bureaucratic rebuild the Deep State] reasons? Let’s not hand the midterms back to the GOP.