credit card interest rates, Trump and 10 cap
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SoFi CEO Anthony Noto Says His Company Is Poised to Win if Trump Caps Credit Card Rates: Why Personal Loans Could Come Out on Top
President Trump has renewed calls to temporarily cap credit card interest rates at 10%, prompting waves of criticism on Wall Street. But SoFi CEO Anthony Noto is firmly in the president’s corner for one simple reason.
Capping interest rates will not give the poor cheaper access to credit. It will simply deprive them of any reliable finance at all.
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