Mike Ferguson in the Morning 11-19-24

John Berlau, Senior Fellow and Director of Finance Policy at the Competitive Enterprise Institute (CEI), talks about the proposal to federally cap interest rates on credit cards. What could be the unintended consequences? Dick Durbin and Bernie Sanders are pushing for it, and Josh Hawley is also supporting it. 

From CEI:

“The Senate hearing will be held today (Tuesday, Nov. 19) related to the horrible Credit Card Competition Act (CCCA). The hearing, proposed by Sen. Dick Durbin, seeks to examine the CCCA and push for new mandates on American’s credit cards. This is a last-ditch effort to push the CCCA through before the end of the legislative session. Our experts at CEI have discussed at length the ramifications of this bill for the American people.”

(https://cei.org/experts/john-berlau/)

(@jberlau)

(https://cei.org/)

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