2d ago

Does Trump Really Want to Cap Credit Card Rates at 10%? Bernie Sanders Aims to Find Out | Common Dreams

www.commondreams.org Does Trump Really Want to Cap Credit Card Rates at 10%? Bernie Sanders Aims to Find Out | Common Dreams

"When large financial institutions charge over 25% interest on credit cards, they are not engaged in the business of making credit available," said Sen. Bernie Sanders. "They are engaged in extortion and loan sharking."

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Not a chance in hell Trump caps it at 10%. Even if he says he wants to, it'll never make it through Congress.
- probably not. the very tail end of the article:
  During Trump's first term in the White House, Sanders and Rep. Alexandria Ocasio-Cortez (D-N.Y.) introduced legislation that would have capped credit card interest rates at 15%.
  Just nine Democrats in the House and one in the Senate co-sponsored the bill, which received zero Republican support.
- it’ll never make it through Congress.
  trump is just passing laws by Executive Order now and the GOP controlled Congress don't seem to have any problem with that.

13 comments