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    Bipartisan Bill Proposes Historic 10% Cap on Credit Card Interest Rates

    February 06, 2025 • 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.

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