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Started By
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re: Trump announces a temporary 10% cap on credit card interest rates
Posted on 9/19/24 at 2:00 pm to BCreed1
Posted on 9/19/24 at 2:00 pm to BCreed1
I'm not saying they are not the financial industry 's version of smack dealers. But if you are going to borrow unsecured funds.....there's a price to be paid figuratively and literally
1
Posted on 9/19/24 at 2:07 pm to BCreed1
quote:The guy stated we have price controls already, but at the state level. He is supportive of Trump somehow doing this at the federal level instead.
Nobody I see in this thread has stated that at all.
Posted on 9/19/24 at 2:08 pm to lsufball19
quote:Less than you for sure. You've already been exposed as not even understanding current state regulations.
how many strawmen do you want to build today?
quote:non sequitur
Corporate greed is a thing whether you care to admit it or not.
quote:non sequitur
So are predatory practices by those entities.
quote:non sequitur
I promise it doesn't make a communist to call a spade a spade.
Posted on 9/19/24 at 2:10 pm to Big Scrub TX
quote:
The guy stated we have price controls already, but at the state level. He is supportive of Trump somehow doing this at the federal level instead.
price controls exist at the federal level already too, just not specifically for credit card interest rates
Posted on 9/19/24 at 2:10 pm to Major Dutch Schaefer
Would be a dumb policy. Not sure what the President's authority would be to do so anyway.
The only thing the government should possibly be involved with here is transparency under the consumer protection laws. If you are very clear you are charging 90% and people still want to get credit from you, so be it.
The only thing the government should possibly be involved with here is transparency under the consumer protection laws. If you are very clear you are charging 90% and people still want to get credit from you, so be it.
Posted on 9/19/24 at 2:13 pm to Major Dutch Schaefer
10%, 25%, frick 100% interest on credit cards has exactly the same impact on me.
Zero, and I put anywhere from 7-10k a month on them. I just pay them off 3 times or so a month.
Zero, and I put anywhere from 7-10k a month on them. I just pay them off 3 times or so a month.
Posted on 9/19/24 at 2:16 pm to llfshoals
quote:
I just pay them off 3 times or so a month.
Why not one time?
Posted on 9/19/24 at 2:17 pm to KiwiHead
quote:
there's a price to be paid figuratively and literally
Sure. But there is also regulations put into place by the constitution. Powers given to congress.
Posted on 9/19/24 at 2:17 pm to lsufball19
quote:Which, of course, means you are for Trump expanding them, right?
price controls exist at the federal level already too, just not specifically for credit card interest rates
Posted on 9/19/24 at 2:17 pm to jizzle6609
quote:So I don’t forget and accidentally get an interest charge
Why not one time?
Posted on 9/19/24 at 2:17 pm to llfshoals
quote:
3 times or so a month.
wutPosted on 9/19/24 at 2:18 pm to llfshoals
quote:
Zero, and I put anywhere from 7-10k a month on them. I just pay them off 3 times or so a month.
I have no need for them. Don't use them at all.
Posted on 9/19/24 at 2:21 pm to BCreed1
quote:Really? It's free money to find one that pays decent awards (like airline miles or whatever) and then charge literally everything you can to it. (Paying off in full, monthly, of course.)
I have no need for them. Don't use them at all.
Posted on 9/19/24 at 2:24 pm to BCreed1
quote:Good for you.
I have no need for them. Don't use them at all.
Today I had
Golf - 25.00 (member rate)
Massage - 109.25
Groceries - 51.34
Christmas purchases - 112.20
Could have put them on checking debt, but I get cash back on the credit card and my charges are the same since pretty much everyone bakes the credit card charge into their pricing.
Posted on 9/19/24 at 2:27 pm to Big Scrub TX
Really.
Posted on 9/19/24 at 2:28 pm to llfshoals
I'm not knocking you for it.
Posted on 9/19/24 at 2:51 pm to BCreed1
quote:Well, you know what they say - taking free money vs not is what separates smart people from the chimps.
Really.
Posted on 9/19/24 at 2:52 pm to Big Scrub TX
I get literally thousands of dollars a year in rewards, and that's not even taking into account the 25% bonus using points on travel-related items through Chase.
Posted on 9/19/24 at 2:52 pm to deltaland
quote:
We don’t have a conservative choice
Not especially. My concern is where this leads the party long term. Some people will bring up how we've been sold out for decades and there is some truth to it. I have little to no interest in having policy positions that resemble the dems and even less in what the progs are championing. The party is changing for sure. Into what exactly is what I'm not sure of.
quote:
Looks like I’ll be staying home and not voting.
Even if you don't like Trump there are still down ballot races that need to be won. Get out and vote.
Posted on 9/19/24 at 2:56 pm to Figgy
quote:
Not especially. My concern is where this leads the party long term.
The irony is that there are a lot of people in the MAGA/populist faction who call normal Republicans names, and then ask similar questions when their "capitalist" avatar has to face the reality of the Leftism required for populism/MAGA, when normal Republicans still, for the most part, honor those values.
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