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Republican lawmaker proposes 18% cap on credit card interest rates

Por: CBS News Business September 13, 2023

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Credit card companies should be barred from setting interest rates higher than 18%, a Republican lawmaker from Missouri Tuesday. If passed, U.S. Senator Josh Hawley's — the Capping Credit Card Interest Rates Act — would also block credit card companies from introducing new fees aimed at evading the cap and penalize lenders with annual percentage rates (APRs) that exceed 18%. Hawley's bill comes as Americans are grappling with ... + full article



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