Hillary voted for a 30 percent cap on credit card interest. Why?

[Perky]

[Occam Bandage]

1. Because she hates kittens.

[Kokonoe]

2. 29.99% interest was too low. n/t

[papau]

3. Hillary wanted to cap credit card interest because Obama didn't? -the Sear's card was 35%post Reagan

(the major appliance instant credit card at Sears always offended me with that rate.)

Obama never has said why he did not vote in favor of capping credit card interest - has he?

[Stephanie]

4. Obama voted against it because 30% is usury.

Clinton has always sided with the banks - check her donations if you want to know why.

[MNDemNY]

5. Right...no limit is better.

[DesertFlower]

7. banks and credit card companies

are legal loan sharks.

[suston96]

6. Because no cap at all would have been disastrous for borrowers?

I am not sure but......Do you have any information on whether there was ANY cap prior to the 30% cap?

[rodeodance]

8. I do not know----but your response is probably in the ballpark

[Marie26]

10. There wasn't one.

And there ISN'T one. The amendment was defeated, & so there's no federal limit on credit card interest rates.

[Marie26]

9. Because it's pro-consumer?

Because it's anti-predatory lending? Because it actually imposes limits on the credit card companies? Why are any of these a bad thing?