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Loretta Roney, CEO of InCharge, recently appeared in a WVNS-TV news segment examining the growing national debate over credit card affordability and President Donald Trump’s proposal to cap credit card interest rates at 10 percent.
You can find Roney’s appearance here: https://www.wvnstv.com/news/president-donald-trump-is-calling-for-a-ten-percent-cap-on-interest-rates-for-credit-cards/
The WVNS report focused on record-high consumer credit card balances and explored how a nationwide interest rate cap could affect borrowers, lenders, and the overall economy. During a phone interview featured in the segment, Roney shared concerns about potential unintended consequences that could ultimately harm consumers.
“It’s just a little careless, in my opinion, and not positive for the institutions that employ people,” Roney said. “The systemic effects that could come out of this may not really offset what this is going to do to the consumer, because it may not even help the consumer.”
Roney stressed the importance of weighing short-term consumer relief against long-term system-wide outcomes when considering significant policy changes.
InCharge Debt Solutions continues to advocate for practical, education-first approaches that help consumers build lasting financial stability. These include nonprofit credit counseling, budgeting assistance, and personalized debt repayment plans.
To learn more start your free credit counseling session today and discover your options.
