Argentina's debt crisis fuels usury law push as credit card arrears soar

Argentina faces a severe consumer debt crisis: over 20.5 million people in debt, credit card arrears at 14.5% (up from 2.8% in March 2025), and average annual interest rates of 91% against falling real wages. The author argues existing constitutional, civil, and criminal anti-usury tools are reactive and inaccessible, fueling political demand for new legislation. The development signals growing social pressure on policymakers to address financial distress, though no specific bill is yet proposed.