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Senator Bernie Sanders & Congresswoman Alexandria Ocasio-Cortez want to rein in the profit banks can collect from consumers. The lawmakers are proposing legislation to cap credit card interest.
Rep. Alexandria Ocasio-Cortez is teaming up with sen. bernie sanders Thursday to pitch a cap on credit card interest rates as part of new legislation.
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Bernie Sanders recently referred to credit card lenders as, "loan shark hoodlums." Not to be outdone, AOC exclaimed, "they’ll take your home!" Soon, the rest of the torch and pitchfork crowd were lining up to co-sponsor their joint bill to limit the interest rates charged on credit cards.
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The lawmakers want to cap interest rates on credit cards and other loans at 15%.. Sanders, an independent senator from Vermont, and Ocasio-Cortez, banks to charge their home state's interest rate to customers at the national level, to abandon their limits in order to attract banks to set up shop there.
Alexandria Ocasio-Cortez and Bernie Sanders Team Up on Bank Legislation. 116th U.S. House of Representatives outside the Capitol in Washington, D.C., on Jan.. fees to “evade” the interest rate cap and sets penalties for violators, The court had to answer: When a credit card offer is made, does the.
Bernie and AOC Just Teamed Up to Take On Credit Card Companies By Rex Santus May 10, 2019 Wall Street’s two worst nightmares are teaming up to take on the credit card and banking industries with.
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The 15 percent cap on credit card interest rates would be the same as the one Congress. Y.) will introduce the House version of the bill.
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Democrats Bernie Sanders and Alexandria Ocasio-Cortez introduced on Thursday a plan to rein in the profit banks can collect from consumers, proposing to cap credit card interest rates at 15%.
AOC and bernie introduce legislation capping credit card interest rates at 15% Politics . This is a split board – You can return to the Split List for other boards.