SENS. BERNIE SANDERS AND JOSH HAWLEY: Cap credit card interest rates at 10%
Fox News
Sens. Bernie Sanders and Josh Hawley agree it's time to help Americans dig out from debt. They are working together to limit credit card interest rates, where people owe $1.17 trillion.
By capping credit card interest rates at 10% for the next five years, our bill would give Americans a chance to catch up, offering real relief for working people. Bernie Sanders is an independent who represents Vermont in the U.S. Senate.
Meanwhile, these companies are getting richer and richer. In 2022 alone, they made an incredible $130 billion in interest and fees after mailing some three billion solicitations urging Americans to sign up for their credit cards.
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