“Limiting Trump’s credit card interest rates to 10% for a year is a mistake. If the interest rates are not high enough to cover losses and ensure equity profitability, credit card issuers will cancel consumers’ cards.”
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American renowned investor Bill Ackman:
“Limiting Trump’s credit card interest rates to 10% for a year is a mistake. If the interest rates are not high enough to cover losses and ensure equity profitability, credit card issuers will cancel consumers’ cards.”