Credit card issuers typically borrow from the Fed at 1/4% and lend at rates well in excess of 30%. Should the Federal Government end this?

Credit card issuers typically borrow from the Fed at 1/4% and lend at rates well in excess of 30%. Should the Federal Government end this?

Created by karey
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Debt that pays a 25% interest rate? Become The Credit Card Company
By Marc Prosser For Forbes.com

Credit card companies make lots of money. In fact, not including penalties and fees, credit card companies have averaged over a 10% annual return on their loans, over the last 26 years....




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