MEVHunter
The push to cap credit card interest rates is gaining traction at the political level, but House Speaker Mike Johnson is sounding the alarm about potential unintended consequences. While lower borrowing costs might sound appealing on the surface, the practical impact could be more complicated.
Johnson's concern highlights a classic economic dilemma: price controls, even well-intentioned ones, can distort market behavior. If credit card companies face strict rate caps, they may respond by tightening credit availability, raising fees elsewhere, or reducing rewards programs. Consumers with weaker
Johnson's concern highlights a classic economic dilemma: price controls, even well-intentioned ones, can distort market behavior. If credit card companies face strict rate caps, they may respond by tightening credit availability, raising fees elsewhere, or reducing rewards programs. Consumers with weaker