Sen. Bernie Sanders is teaming up with Rep. Alexandria Ocasio-Cortez on a plan to cut the fees that Americans pay on their credit card bills. Here's how their proposal would work 👇
Sen. Bernie Sanders is teaming up with Rep. Alexandria Ocasio-Cortez on a plan to cut the fees that Americans pay on their credit card bills.
By signing up you agree to receive email newsletters or alerts from POLITICO. You can unsubscribe at any time.The lawmakers want to set a nationwide 15 percent cap on the rate of interest that consumers can be charged for credit card debt and other loans. They called current rates — which they say can run as high as 30 percent — "extortion and loan sharking."
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