트럼프의 '신용카드 이자율 10% 상한제' 제안 🧨, 카드사·은행 주가 영향은?

He just wants a bribe from the cc companies to shut him up

If this were to pass (which is highly unlikely) it would impact Visa too because banks would have no choice but cancel many accounts.

10% in this interest environment isnt enough to cover medium risk accounts. It is barely above mortgage rate which is a secured loan.

Trump as usual didnt also think how this would affect overall economy. Because credits are closing now, it would mean less spending. Data already shows credit debt is increasing thanks to Trump idiotic economic policy. Less spending means slower economy.

Trump says a lot of things. Believe it when you see it; otherwise, it’s more BS

I agree. Directly capping credit card interest rates seems like excessive market intervention.

Average credit card debt in the US is $7k... at 30% that's $175 a month interest... at 10% it's $58... so that's a savings of $117 a month for your average person.

$117 x 12 = $1404 a year.

It's basically QE/Stimulus.

That's all Trump is trying to do, find ways to stimulate the economy and hold off a crash until after the midterms (hence why this is just for one year).

The big problem is that at 10% interest people will go out and spend like drunken sailors. Let's say they can afford $175 interest, because that's what they were paying before. Well, now they can hold $21,000 on their balance and that will generate a $175 a month interest charge.

But, what happens when this policy expires. Now instead of $7k of debt generating $175 a month interest charges, they have $21,000 generating $525 a month (back at the old 30%) of interest charges.

This is what a system looks like when it's totally broken and dying. Just one hail mary after another; destined to end in things getting worse than they were before.

Will he pardon your debt like he did their crimes and treason?

Would’ve cost the tax payers way less.

And finally you’d get something for having to endure this baboon as long as you’ve had to.

Visa and Mastercard are credit card processors, not money holders, this will impact banks

Uncertainty. Means those stocks could take a short term this week.