President Trump called for 10 Percent Credit Card Interest Cap, After Killing Other Fee Limits

“Price controls are a failed policy experiment that should be left in the past. President Trump recognized this fact on the campaign trail when he said, ‘Price controls [have] never worked.’ Trump should heed his own warning. It may seem like free money, but history has shown that these controls result in shortages, black markets, and suffering. In any event, consumers lose.”

Additionally, Nick has written the below that can be used as resources as well.

Relevant work:

• https://​www​.cato​.org/​b​l​o​g​/​r​e​s​p​o​n​d​i​n​g​-​t​r​u​m​p​s​-​c​r​e​d​i​t​-​c​a​r​d​-​r​e​s​t​r​i​c​t​i​o​n​-​p​r​o​posal
• https://​www​.cato​.org/​c​o​m​m​e​n​t​a​r​y​/​t​r​u​m​p​s​-​l​a​t​e​s​t​-​c​r​e​d​i​t​-​c​a​r​d​-​i​n​t​e​r​e​s​t​-​r​a​t​e​-caps

To speak with Anthony about this topic, please feel free to contact Emily at esalamon@​cato.​org