- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Trump announces a temporary 10% cap on credit card interest rates
Posted on 9/19/24 at 9:38 am to Major Dutch Schaefer
Posted on 9/19/24 at 9:38 am to Major Dutch Schaefer
We love our small government don’t we?
1
Posted on 9/19/24 at 9:38 am to BigPerm30
quote:
Needs to crack down on processing fees.
I was charged an almost 13% processing fee last week when getting a driver's license for my daughter.
Posted on 9/19/24 at 9:39 am to Revelator
quote:Ain't populism wonderful?
It seems that Trump had gotten into a giveaway battle with Kamala. It’s not a good plan or look.
Posted on 9/19/24 at 9:40 am to SlowFlowPro
quote:Thisbis Elizabeth Warren territory.
Sounds very Obama-ish.
Posted on 9/19/24 at 9:41 am to Major Dutch Schaefer
So where would the CC companies recoup all the loss in interest from?
Higher CC feeds to merchants, thus passed on to every customer of theirs instead of those with shitty credit and high interest rates
Higher CC feeds to merchants, thus passed on to every customer of theirs instead of those with shitty credit and high interest rates
Posted on 9/19/24 at 9:41 am to Major Dutch Schaefer
It’s a good idea in principle but I doubt it would ever pass. A lot of low income families live on credit card debt and are charged astronomically high interest rates. This isn’t something the market can correct because there really is very little competition at the major credit card level and they sucker people in with low introductory rates
Posted on 9/19/24 at 9:42 am to Major Dutch Schaefer
the entire financial system is PREDATORY!!!
don’t get me started, and yes, I do think the entire finance world shouldn’t a whacking & complete overhaul.
Look who is making ALL THE MONEY when it comes down to it. frick the corporations making 20+%
and disclaimer, i pay my credit cards off monthly, so i don’t even have to deal
with it
don’t get me started, and yes, I do think the entire finance world shouldn’t a whacking & complete overhaul.
Look who is making ALL THE MONEY when it comes down to it. frick the corporations making 20+%
and disclaimer, i pay my credit cards off monthly, so i don’t even have to deal
with it
Posted on 9/19/24 at 9:43 am to Westbank111
quote:
the entire financial system is PREDATORY!!!
Thanks, AOC
Posted on 9/19/24 at 9:43 am to Major Dutch Schaefer
This is turning into....who can give the most away.
Posted on 9/19/24 at 9:43 am to Taxing Authority
quote:
We love our small government don’t we?
You know darn well that the Fed Gov already caps it.
Posted on 9/19/24 at 9:43 am to Westbank111
quote:
frick the corporations making 20+%
How much should they be making? Is 18% okay? 15%, 12, 10, 5?
Posted on 9/19/24 at 9:44 am to Rip Torner
quote:
It’s a good idea in principle
It is a terrible idea.
Posted on 9/19/24 at 9:45 am to Gifman
quote:Yep. Personal responsibility? Nah, daddy govt will fix you.
Don't support this at all. By the way, this is why I laugh when leftists call Trump "far right wing."
Posted on 9/19/24 at 9:45 am to Major Dutch Schaefer
There's pandering and then there's nonsense. Caps on credit card rates will result in retaliatory actions by credit card companies. They are going to get that capped money one way or another, or simply deny credit to individuals.
Posted on 9/19/24 at 9:46 am to TDTOM
quote:
It is a terrible idea.
Will it sway votes?
Posted on 9/19/24 at 9:50 am to SDVTiger
quote:
Will it sway votes?
Hopefully.
Posted on 9/19/24 at 9:51 am to Taxing Authority
quote:
Ain't populism wonderful?
Exactly. Roger will have fun if he sees this.
Posted on 9/19/24 at 9:51 am to TDTOM
It’s a terrible idea if we lived in a conservative nation that believed in and supported the notion of a small government but we don’t. It’s a great idea for poor voters
Posted on 9/19/24 at 9:51 am to Taxing Authority
Due to federal laws, some interest rate caps are in place, but those are for being enlisted in the military or working with a federally chartered credit union.
The Federal Gov also caps interest rates on loans. ETC.
The Federal Gov also caps interest rates on loans. ETC.
Posted on 9/19/24 at 9:52 am to Major Dutch Schaefer
Sigh
Page 5 of 13
Popular
Back to top
Follow TigerDroppings for LSU Football News