It’s only been a few days since President Donald Trump called on lawmakers to cap credit card interest rates at 10%, and Wall Street is already in panic mode.
At surface level, reducing interest rates sounds great from a consumer’s perspective. But dig a little deeper, and several experts believe this policy will harm markets and make finance less accessible to the general public. That’s why big-time investors, banks, and credit card companies are all lining up in opposition to Trump’s proposal.
