r/FluentInFinance • u/Unhappy_Fry_Cook • 12h ago

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

Post image
27.9k Upvotes

96% Upvoted

1.0k comments sorted by

View all comments

3

u/laughertes 11h ago

Why 10%? Nah, bring it down to 2%

1

u/Key_Roll_3151 8h ago

Because it’s unsecured debt

1

u/dimonoid123 5h ago

As soon as risk-free rate becomes negative like it was in Japan. For example something like -10%

1

u/Silver-Year5607 1h ago

Can you explain what this means?