Sanders and Hawley introduce bill to cap credit card interest rates at 10%
Sanders and Hawley’s bill comes after President Donald Trump vowed in the 2024 race to temporarily cap credit card interest rates at 10%.
Opinion
Capping credit card interest is a truly awful idea
Sen. Josh Hawley said he has teamed up with the consummate supporter of every bad economic idea, Sen. Bernie Sanders, to introduce an arbitrary 10% cap on credit card interest rates.
Trump Promised a Cap on Credit Card Interest Rates. Here’s His Chance.
Senators Bernie Sanders and Josh Hawley say they will propose a 10 percent limit on credit card interest rates.
Hawley/Sanders Credit Card Interest Cap Is a Gift to Payday Lenders and Loan Sharks
If the Hawley–Sanders legislation passes, the government will set a price cap on what credit card companies charge for loaning money. If the companies perceive that the price is too low to offset the risk of loaning to some customers, they'll probably stop offering any credit to those customers.
Credit card rewards at risk with new interest rate limit legislation
A new bill to cap credit card interest rates at 10% could erase card rewards for consumers, financial experts told the Washington Examiner.
Bernie Sanders, Josh Hawley introduce bill to cap credit card interest rates. What to know
Sen. Bernie Sanders of Vermont and Sen. Josh Hawley, a Republican from Missouri, introduced legislation to cap credit card interest rates at 10%.
A bill would cap credit card rates at 10%, echoing a Trump pledge. Are there downsides?
A bill would cap credit card rates at 10%, something Trump promised on the campaign trail. Will Trump follow through? Will consumers benefit?
A new bill would cap credit card interest rates at 10%. Here's what that could mean for your money
A bill to limit the interest rate on credit cards has been introduced in Congress. The banking industry says capping rates would have unintended consequences.
Fox Business5d
Josh Hawley, Bernie Sanders propose capping credit card interest rates at 10%
and Bernie Sanders, I-Vt., introduced legislation ... "During the campaign, President Trump pledged to cap credit card interest rates at 10%," Sanders said in a statement. "Today, I am ...
Bernie Sanders floats bipartisan bill to fulfill Trump campaign promise. Critics say it’s ‘pandering.’
Many Americans are paying credit-card interest rates over 20%, but a new bill from a bipartisan duo would slice their card ...