Last week the Senate passed a ceiling of 14 percent on the rates credit-card issuers may charge their customers as part of the banking bill before Congress. Such rates average nearly 19 percent. Over the weekend Federal Reserve bank economists said that capping credit-card interest rates is a bad idea that would undermine bank earnings and add to consumers' problems in obtaining loans. Economist also cited the issue as a factor behind Friday's 120-point drop in the Dow Jones industrial average.
The Evening Sun wants to know what you think about credit-card interest. Should Congress set a limit on the interest on credit cards and if they do pass a bill should President Bush sign it or veto it?
Call SUNDIAL, The Baltimore Sun's telephone information system, on a Touch-Tone phone. The call is local, and answers will be registered between 10 a.m. and midnight. The SUNDIAL phone number is 783-1800 or, in Anne Arundel County, 268-7736. When you reach SUNDIAL, enter category 4600 and wait for instructions.
Results will be published tomorrow.
"It's Your Call" represents a sampling of opinion but is not a scientific poll. Its results should not be construed as having scientific accuracy.