A proposed ceiling on credit card interest rates would deal a heavy blow to the $70 billion market that bundles the debt into bonds, according to analysts, even as investors shrug off the likelihood any actual policy comes to pass.
A proposed ceiling on credit card interest rates would deal a heavy blow to the $70 billion market that bundles the debt into bonds, according to analysts, even as investors shrug off the likelihood any actual policy comes to pass.
A customer used a credit card to make a payment at a restaurant. Photographer: Simon Dawson/Bloomberg
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