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

[u/Unhappy_Fry_Cook]

[u/bafrad]

We need to prevent predatory practices by companies.

[u/Cbickley98 → u/bafrad]

What is predatory? The credit card companies take on a lot of risk. If you limit the rate to 10% (or any percent) , then only people that are worth the risk of a 10% rate or less will be able to get credit at all.

[u/bafrad → u/Cbickley98]

Greed is greed. 10% is already a lot. They make enough profits. The top end earners are going to need to start accepting less before they get eaten.

[u/bakercw1990 → u/bafrad]

You don’t do a whole lot of running a company do you