Episode Details

New report warns of credit card access crisis if ten percent interest rate cap is implemented. Economists at Unleash Prosperity Now predict a significant reduction in credit access for over one hundred million American cardholders, with subprime borrowers and prime borrowers facing cuts. The fallout could push desperate individuals towards payday loans with nearly four hundred percent interest. Policymakers are urged to tread lightly before making changes to the system that keeps the economy humming for millions.

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