Trump Credit Card Cap Would Hit $70 Billion Market for the Debt

The proposed interest rate cap on credit cards reflects a growing concern over consumer debt and financial practices. While it aims to protect consumers from exorbitant interest rates, the potential fallout on the bond market could lead to reduced investment in credit card-backed securities. This situation highlights the tension between consumer protection and market stability, suggesting that policymakers must carefully consider the long-term effects of such regulations.