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The Madcap

(1,777 posts)

5. So he now wants us to use cash for our purchases?

Reply to BumRushDaShow (Original post)

Sat Jan 17, 2026, 10:15 AM

9 hrs ago

I would think that would stifle consumption significantly. Also, I would think those of us who pay the full balance every month would end up getting charged interest just to make up for some of the issuer's lost profits.

Don't get me wrong. I think credit card rates are extortionate, but a chop of rates so extreme so quickly would be a devastating shock to the system.

Hold onto your pennies. You might need them later.

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EuterpeThelo

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Highlight:

White House Weighs Executive Action to Cap Credit Card Rates [View all] BumRushDaShow 13 hrs ago OP

The Trump distraction machine is going full tilt! eom SalamanderSleeps 13 hrs ago #1

Expect mass account closures and credit limit cuts if this goes through durablend 12 hrs ago #2

BFD Trump,it's too fucking late and what would be YOUR cap? 35-40% Bengus81 11 hrs ago #3

Capitalists now want Price controls. Old Crank 11 hrs ago #4

So he now wants us to use cash for our purchases? The Madcap 9 hrs ago #5

The only interest rates he could dictate are loans for the Federal Government. Jacson6 8 hrs ago #6

"Executive action?" On private businesses? Grins 7 hrs ago #7

Alert! Trump Performative Trap. He knows the executive order bronxiteforever 7 hrs ago #8

The interest rates now charged are FAR greater than allowed historically snot 3 hrs ago #9

Only suggestion of what he could do is "invoke the interstate commerce clause", but that's for Congress muriel_volestrangler 3 hrs ago #10

"Nothing in the whole Wiki article about the president or executive." BumRushDaShow 2 hrs ago #11