{"id":910,"date":"2026-01-19T16:45:14","date_gmt":"2026-01-19T17:45:14","guid":{"rendered":"https:\/\/attorneycalendar.com\/?p=910"},"modified":"2026-01-20T11:47:14","modified_gmt":"2026-01-20T11:47:14","slug":"trump-knows-the-financial-services-lobby-will-never-let-credit-card-interest-rates-be-capped-letters","status":"publish","type":"post","link":"https:\/\/attorneycalendar.com\/index.php\/2026\/01\/19\/trump-knows-the-financial-services-lobby-will-never-let-credit-card-interest-rates-be-capped-letters\/","title":{"rendered":"Trump knows the financial services lobby will never let credit card interest rates be capped (Letters)"},"content":{"rendered":"

Credit card rate push: good politics, but nothing more<\/h4>\n

Re: \u201cExecutives stand up for Fed, card rates<\/a>,\u201d Jan. 14 news story<\/p>\n

One of the strongest lobbies in Washington is the financial services lobby. If a regulatory cap on credit card interest rates were going to go into effect, it would be good. It would help save desperate borrowers from being preyed upon. The reality is that it will be quashed by both corporate Democrats and Republicans. It\u2019s good politics because it will make President Trump look like a good guy fighting for people. It\u2019s not goodwill because that\u2019s as far as it will go, and someone smarter than Trump knew all this.<\/p>\n

Nice move, Mr. President. We see you (and the people actually doing the smart politics).<\/p>\n

Nate Craig, Estes Park<\/em><\/p>\n

Support candidates who support the bank customers<\/h4>\n

Re: \u201cThree big banks report soaring profits<\/a>,\u201d Jan. 15 news story<\/p>\n

The economy is \u201cdoing just fine,\u201d says a bank that profits from economic hardship. Evidently, big banks like Wells Fargo and Bank of America think that, because they are profiting right now, the economic turmoil that is forcing many Americans to cut costs isn\u2019t that bad. One wonders how much they are spending on groceries each month to be able to make such a claim.<\/p>\n

These same banks are also against an interest cap, stating they wouldn\u2019t be able to offer credit to \u201cthose who need it the most.\u201d These big banks truly care about the poorest in our communities, so much so that they want to bury them under mountains of unregulated debt. They even go so far as to hint that they wouldn\u2019t be able to serve them at all if they\u2019re not able to squeeze them for every penny they\u2019ve got.<\/p>\n

This is the kind of corporate greed our communities are up against. They want our politicians to make decisions that enlarge their profits, rather than support policies that protect our people.<\/p>\n

As we look ahead to elections, I\u2019ll be supporting candidates who measure the economy, not by how much profit margins widen for corporations, but by how well our communities are supported.<\/p>\n

Rayna Castillo, Denver<\/em><\/p>\n

Time to save TABOR, again<\/h4>\n

Re: \u201cState Democrats aim for major TABOR change as session opens<\/a>,\u201d Jan. 15 news story<\/p>\n

Of course the Democrats want to steal our TABOR refunds! The only restriction on their tax-and-spend proclivities, TABOR has served well over the decades.<\/p>\n

The state has already turned it into an income redistribution scheme when they decided equal checks for those who overpaid and those who paid nothing were more fair.<\/p>\n

The voters have consistently rejected these money grabs, but leftist legislators continue to hope for a different outcome this time.<\/p>\n

Save our refunds \u2014 Hands off TABOR!<\/p>\n

Jonathan Williams, Denver<\/em><\/p>\n

Appreciative of the AG\u2019s efforts for state rights<\/h4>\n

Thank you, Attorney General Phil Weiser, for protecting states\u2019 rights. This is an important part of our Constitution.<\/p>\n

When our forefathers first met after winning the Revolutionary War, they had to plan the future and form a nation. But not so quick, as two or three of the Colonies said, I don\u2019t think so. We like our individual status. Hence the compromise: the Tenth Amendment<\/a>, which guarantees the states\u2019 rights.<\/p>\n