A major U.S. financial institution's chief raised red flags about the proposed 10% credit card interest rate cap. The concern? It could squeeze lending availability and slow economic momentum. When rates get capped like this, lenders often tighten credit access—less money flowing means fewer opportunities for growth. Worth watching how this plays out for broader market conditions.
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staking_gramps
· 01-17 11:46
The old banker is crying poverty again. Whenever interest rates are controlled, they say there's no money to lend. So how did those high interest spreads come about before?
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OnchainUndercover
· 01-15 03:10
Here we go again with this routine. They want to suppress interest rates above, then tighten lending below, and in the end, it's us small investors who suffer the most.
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ColdWalletGuardian
· 01-14 16:59
Here we go again with this old script of bankers crying poor. Do they really think we believe it?
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StablecoinGuardian
· 01-14 16:42
Setting limits on interest rates sounds good, but when banks tighten up, it's harder for ordinary people to borrow money... I believe in this logic.
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rug_connoisseur
· 01-14 16:38
Ha, another interest rate cap? Those bank folks just keep crying poverty, won't let you earn interest and run away, typical rug pull tactics.
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GweiWatcher
· 01-14 16:35
Here we go again with this rhetoric, claiming that the economy will collapse whenever interest rates are raised—it's the bankers' old trick.
A major U.S. financial institution's chief raised red flags about the proposed 10% credit card interest rate cap. The concern? It could squeeze lending availability and slow economic momentum. When rates get capped like this, lenders often tighten credit access—less money flowing means fewer opportunities for growth. Worth watching how this plays out for broader market conditions.