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Interest rates on credit cards are absurd. Banks borrow money at ridiculously low rates and yet charge usurious rates on their credit cards. If you really want to stimulate the economy, help get the American people out of debt and reduce poverty, pass a law or implement a banking regulation that prohibits banks/credit card companies from charging any more than 5% above the rate charged to banks on ALL existing and future credit cards.

Submitted by Stuart in Economy & Jobs Jan. 4, 2015, 12:03 p.m.
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#84
2589 votes

Re-institute usury laws. Credit cards are out of control.

Submitted by elizafish in Economy & Jobs Dec. 10, 2014, 4:21 p.m.
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