... Independent U.S. Sen Bernie Sanders of Vermont, a fierce Trump critic, and Sen. Josh Hawley of Missouri, a Republican, have previously introduced bipartisan legislation to cap credit card interest rates at 10% for five years. This bill explicitly directs credit card companies to limit rates as part of broader consumer relief legislation.
Democratic U.S. Rep. Alexandria Ocasio-Cortez of New York and Republican Rep. Anna Paulina Luna of Florida have also introduced a bill in the House to cap credit card interest rates at 10%, reflecting cross-aisle interest in addressing high rates. ...
