Credit Card Update: Should New Law Cap Interest Rates? - CNBC
Story date: 2009-05-27 04:21:01
Added on: 2009-05-27 21:33:53
Credit Card Update: Should New Law Cap Interest Rates?CNBC, Englewood CliffsTaking out a loan, whether it's a mortgage or a credit card, is still a willful act and the competitive market should control rates, according to Ulzheimer. He believes if rates were capped at, say 15 or 18 percent, non-prime lenders would be put out ...
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