A 10% credit card rate sounds like an obvious fix to record-breaking credit card debt. But interest rates are prices, and price controls have predictable side effects.
This week's article explains why capping rates could hurt the borrowers it’s meant to help: www.mondayeconomist.com/p/a-10-credi...
mondayeconomist.com
A 10% Credit Card Rate Sounds Great. Here’s the Catch.
What happens when the price of borrowing is set by law