BUZZ-Credit card rate cap to have limited impact on debt collectors, KBW says
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Brokerage KBW believes that the proposed cap on credit card interest rates at 10% by U.S. President Trump will have a limited impact on debt collectors. They suggest that subprime borrowers may turn to other credit markets, such as unsecured loans and buy now, pay later options, which could offset any slowdown in credit card receivables. However, analysts note that the proposal would need legislation and has low chances of passing.
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