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Credit card rate cap and social media's influence on spending


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President Trump had set January 20th as a deadline for credit card companies to lower their interest rates to 10-percent for one year. Nicole Lapin is a financial expert, founder of the Private Wealth Collective and she explains the President's plan to Megan Lych. Following that conversationb, Lending Tree Chief consumer finance analyst, Matt Schulz, explains social media's impact on spending, specifically impulse-buys.
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