Trump's 10% credit card cap: good idea or 'economic disaster'? | About That скачать в хорошем качестве

Trump's 10% credit card cap: good idea or 'economic disaster'? | About That

U.S. President Donald Trump says the problem with credit cards is the interest rates are too high. His solution? A one-year cap at 10 per cent. Andrew Chang explains why a rate cap may cause more harm than good for many credit card holders, and why major banks are pushing back. Intro - 00:00 The big balancing act - 01:26 The banking breakdown - 05:29 Who’s right? - 10:42 Images provided by The Canadian Press, Reuters, Getty Images and Adobe Stock »»» Subscribe to CBC News to watch more videos: http://bit.ly/1RreYWS For breaking news, video, audio and in-depth coverage: https://www.cbc.ca/news Follow CBC News on TikTok:   / cbcnews   Subscribe to CBC News on Snapchat: https://bit.ly/3leaWsr Subscribe to CBC News on WhatsApp: https://www.whatsapp.com/channel/0029... Download the CBC News app for iOS: http://apple.co/25mpsUz Download the CBC News app for Android: http://bit.ly/1XxuozZ »»»»»»»»»»»»»»»»»» For more than 80 years, CBC News has been the source Canadians turn to, to keep them informed about their communities, their country and their world. Through regional and national programming on multiple platforms, including CBC Television, CBC News Network, CBC Radio, CBCNews.ca, mobile and on-demand, CBC News and its internationally recognized team of award-winning journalists deliver the breaking stories, the issues, the analyses and the personalities that matter to Canadians.