According to recent statements, the enforcement of an interest rate ceiling effective January 20th carries legal implications for credit card issuers. Non-compliance with the established cap could expose financial institutions to regulatory violations. The policy represents a significant shift in how lending rates will be monitored and regulated going forward.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
just_here_for_vibesvip
· 12h ago
Banks are about to be bound with a tight spell again. Will they really be able to control high-interest loans this time?
View OriginalReply0
HashRatePhilosophervip
· 12h ago
Here comes the harvest again, this time playing with interest rate caps.
View OriginalReply0
LostBetweenChainsvip
· 12h ago
Coming back to set the interest rate cap? This time, they're really going to take it seriously.
View OriginalReply0
DefiVeteranvip
· 12h ago
Pushing down interest rates again? Banks are in for a tough time now.
View OriginalReply0
SerRugResistantvip
· 12h ago
Now the credit card issuers have to behave themselves, haha
View OriginalReply0
screenshot_gainsvip
· 12h ago
Wait, the interest rate cap takes effect on January 20th? Banks will have to obediently follow the rules then.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)