Capping Credit Card Interest Rates: A Double-Edged Sword

This chapter explores the contentious proposal to limit credit card interest rates and its potential ramifications on consumers, particularly those burdened by debt. It discusses the exploitative practices of credit companies and how debt can act as a mechanism for social control among low-income individuals. Additionally, the chapter touches on the broader political implications of financial policies and the obstacles to enacting meaningful reform in a polarized landscape.