@[email protected] to [email protected] • 7 months agoCredit card late fees capped at $8 under Biden crackdown on 'junk fees'www.usatoday.comexternal-linkmessage-square119fedilinkarrow-up1889arrow-down112
arrow-up1877arrow-down1external-linkCredit card late fees capped at $8 under Biden crackdown on 'junk fees'www.usatoday.com@[email protected] to [email protected] • 7 months agomessage-square119fedilink
minus-square@[email protected]linkfedilink-6•7 months agoSure, if it’s annual 1000% that’s bullshit and predatory. But let’s not go overboard and cap it at at 5% because interest rates fluctuate and some people won’t get credit unless the rate is a bit higher
minus-square@[email protected]linkfedilink3•7 months agoThose are weird numbers to pull out of the air based on what you replied to.
minus-square@[email protected]linkfedilink0•7 months ago5% is the interest rate right now, so it’s not out of the air
Sure, if it’s annual 1000% that’s bullshit and predatory. But let’s not go overboard and cap it at at 5% because interest rates fluctuate and some people won’t get credit unless the rate is a bit higher
Those are weird numbers to pull out of the air based on what you replied to.
5% is the interest rate right now, so it’s not out of the air