Why Washington Is Cracking Down On The Credit Card Industry

President Trump is proposing a one-year cap on credit card interest rates at 10% alongside the Credit Card Competition Act, a bipartisan push aimed at increasing competition in the credit card processing industry–moves supporters say could ease cost-of-living pressures for Americans. Sen. Roger Marshall joins to discuss the potential impacts and criticisms of the proposals, his push for greater competition across industries, and the bipartisan cooperation behind the credit card bill. Prediction markets like Polymarket allow users to place bets on the outcomes of real-world events like sports, elections or global conflicts. But their rapid growth is raising new questions in Washington as a U.S. version rolls out. Lawmakers are warning that government insiders could be using non-public information to profit on these platforms, following high-profile trades tied to major political and international developments. Chris Giancarlo, the former chairman of the Commodity Futures Trading Commission, joins the Rundown to talk about what exactly Polymarket is and whether it needs tighter rules to prevent insider trading. Plus, commentary by former Vice President Mike Pence. Learn more about your ad choices. Visit podcastchoices.com/adchoices