Jenifer Waller, Colorado Bankers Association; Ken Kal, Detroit Red Wings radio voice
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A federal 10% interest rate cap on credit cards may not be what it appears - potentially resulting in reduced access to everyday credit and emergency liquidity, lower credit limits and tighter lending standards, and higher fees to offset increased risk for lenders.
A state bill would restrict interchange, following on the heels of a bill known as 'Stop the Skim' in shorthand and entitled HB25-1282 'Payment Card Network Practices & Fees.' Jenifer explains why a new bill, yet to be introduced, designed to restrict the fee merchants pay to accept credit cards is not the answer to rising business and consumer costs.
HB25-1282 Payment Card Network Practices & Fees | Colorado General Assembly
Ken Kal, longtime radio play-by-play announcer for the Detroit Red Wings, joins Ryan to recap USA Men's Hockey winning their first gold medal since the Miracle On Ice in 1980, with Red Wings center Dylan Larkin playing a pivotal role in the team's success.
Ken Kal (@KenKalDRW) / X
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