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Rep. Alexandria Ocasio-Cortez is teaming up with Sen. Bernie Sanders Thursday to pitch a cap on credit card interest rates as part of new legislation.
· Bernie Sanders and AOC Want to Cap Credit Card Interest Rates at 15% By Lindsay Thomaston May 9, 2019 | 4:28pm
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Bernie and AOC Just Teamed Up to Take On Credit Card Companies By Rex Santus May 10, 2019 Wall Street’s two worst nightmares are teaming up to take on the credit card and banking industries with.
Democratic presidential candidate sen. bernie Sanders (I-VT) speaks during a town hall at the Fort Museum on May 4, 2019 in Fort Dodge, Iowa. Credit card companies collected $180 billion in revenue from interest and fees last year, according to a summary of the proposal released by Sanders’ office.
Self-proclaimed Democratic Socialists Alexandria Ocasio-Cortez and 2020 president hopeful Bernie Sanders are calling out big banks as "modern-day loan sharks," while also calling on Congress to cap credit card interest rates at 15%. The pair is set to propose legislation in both chambers of Congress today capping the rates on credit cards as well as consumer loans, and also letting post offices offer basic banking services like checking and savings accounts, and offering loans.
Tina Sfondeles WASHINGTON – The stages are set. twenty democratic presidential candidates. warren has criticized Biden for his ties to the credit card industry, including his vote in the Senate for.
Levine notes, somewhat acerbically, as First Lady Clinton, “set. stage Obama held out this promise to America, and more recently for some, Sanders. Hillary Clinton is, indeed, the “Queen of Chaos”.
All of the candidates for president are clients of the deep state and deeply beholden to it – except for Bernie Sanders and Donald Trump. Bernie has been an unsparing critic of the “deep state.”
Alexandria Ocasio-Cortez & Bernie Sanders Take Aim at Credit Card Interest Rates The bill would cap all credit card interest rates at 15 percent. Right now, the average banking institution is charging an interest rate of roughly 17 percent on the cards it issues, though interest rates, according to AOC, allegedly balloon high as "30 or 40 percent" in some cases.
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