What Donald Trump and Bernie Sanders get wrong about credit cards
Forget interest rates. Rewards are the real problem
Democrats spent much of the presidential-election campaign calling Donald Trump a fascist. Mr Trump is hardly known for his conciliatory nature. So few American politicos expect there to be much bipartisanship in his second term. Yet in one place there is already a flicker of cross-aisle agreement: a proposal to cap interest rates on credit-card repayments at 10% has won the support of both Mr Trump and Bernie Sanders, perhaps the most prominent left-wing Democrat.
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This article appeared in the Finance & economics section of the print edition under the headline “Missing the points”
Finance & economics November 23rd 2024
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- What Donald Trump and Bernie Sanders get wrong about credit cards
From the November 23rd 2024 edition
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