#密码资产动态追踪 $DASH $DOGE Financial Market Observation

⚠️【Market Risk Warning】Credit Card Interest Rate Policy Adjustment Triggers Financial Institution Alerts

Recently, JPMorgan Chase strongly opposed the proposed cap on credit card interest rates in the United States (annual interest rate of 10%), arguing that this reform could backfire. Banks warn that although the policy aims to protect consumers, the actual effect may cause greater harm to ordinary people.

Where is the core hidden danger?

Once interest rate controls take effect, banks cannot price risk differentially. The direct consequence is that people with lower credit scores and unstable income will face difficulties in obtaining loans. Banks often respond by reducing credit limits, raising application thresholds, and increasing various fees to indirectly raise prices. The result is that the people most in need of funding are unable to borrow money.

History has shown that price controls, while seemingly protecting consumers, often lead to supply shortages. Funds do not disappear into thin air; they only flow into lower-risk areas. When the credit market tightens, consumer demand declines, and the entire economy faces pressure.

The true victims

This policy has limited impact on large banks but puts pressure on low-income groups and small to medium-sized enterprises that rely on short-term credit.

The key trade-off in policy: how to find a balance between protecting consumers and maintaining the operation of the financial market? What are your thoughts on this dilemma?