Ohio cannot afford a cap on credit card interest rates
Earlier this year, U.S. Senator Bernie Sanders (I-VT) introduced legislation to cap credit card interest rates at 10%. Since then, other U.S. Senators have put forward additional proposals to cap rates. As a longtime elected official in Columbiana County in Appalachian Ohio, I can say with certainty that any cap on interest rates misses the mark on what members of our community need. Over the last several years, Columbiana County has been a hotbed of new investment and economic development. Main Street storefronts that once sat empty are being filled. Small businesses are the backbone ...