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Billionaire Bill Ackman Says the Best Way to Lower Credit Card Rates Is to ‘Make It More Competitive,’ Not a 10% Cap: ‘This Is a Mistake’

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Let’s not beat around the bush: Credit card interest rates are absolutely nuts. They’ve been floating around a 30-year high for months, with Federal Reserve data placing the average U.S. rate at just under 21%. There are plenty of us who’re paying a whole lot more than 21%, too. That’s why…

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