www.cbsnews.com
Fintech company Bilt is launching new low-APR credit cards, capitalizing on regulatory pressure to cap credit card interest rates. While major banks are lobbying against the proposed rate cap, Bilt—known for its rent rewards card—is seizing the opportunity to appeal to cost-conscious consumers. This move positions Bilt as a challenger to traditional institutions by offering more competitive rates, potentially disrupting the credit card market as the industry faces potential legislative changes on interest rate limits.
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