Price controls, which is what interest rate caps are, always have unintended consequences.

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At the time interest rates were rising, and interest rate caps were forcing credit card issuers to suffer huge losses.

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The government caps interest rates, but inflation is running at over 30%.

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Senators have surprised the industry with unexpected, tough amendments that would limit interchange fees and allow caps on interest rates.

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Government should make credit card companies reduce their rates, and or put caps on interest paid back to them, so people can realistically pay off their debt.

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In China, the Central Bank has raised interest rates and the government has enforced price caps on new properties.

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There are also caps on the size of the balance that would earn the highest interest rates.

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The law also caps fees on certain loans and requires warning stickers on nontraditional mortgages (like interest-only mortgages).

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