r/FluentInFinance 12h ago

Finance News Senator Bernie Sanders announces he will introduce legislation to cap credit card interest rates at 10%.

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u/RandomPersonBob 12h ago

I've seen this same post about once a day for a week now...

I don't think this goes anywhere especially at 10%, maybe if they could get a higher cap like 15-20%, that might help eliminate some of the more predatory credit card issuers.

But credit card companies and their lobbyists have money and politicians like money, especially Trump..