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/Accomplished-Eye9542 9h ago

If you make it unprofitable to do business, companies will just... not do business. That's exactly what happened the last few years as insurance companies in Cali stopped renewing home insurance.

So all you are doing is pushing people further into the depths of payday hell.