From:
Columbia Business School’s Professor Brett House appeared as a guest on the PennyWise: Personal Finance & Travel Tips podcast to discuss the proposal to cap credit card interest rates at 10 percent and what it could mean for consumers, lenders, and the broader economy. During the episode, House unpacked the potential winners and losers of such a policy, explored unintended consequences for credit access, and outlined alternative approaches to addressing high borrowing costs. His commentary situates the debate within broader questions of financial regulation, market dynamics, and consumer protection.
