Bipartisan Bill Proposes Historic 10% Cap on Credit Card Interest Rates
• 1 min read
Senators Josh Hawley and Bernie Sanders introduce groundbreaking legislation to limit credit card interest rates to 10% for five years, aiming to provide relief for Americans struggling with over $1.1 trillion in credit card debt. Banking industry groups strongly oppose the measure, warning of reduced access to credit and potential shifts toward riskier lending options.