Bernie Sanders Supports Trump's Proposal to Limit Credit Card Interest Rates to 10% - PRESS AI WORLD
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Bernie Sanders Supports Trump's Proposal to Limit Credit Card Interest Rates to 10%

share-iconWednesday, January 01 comment-icon2 weeks ago 7 views
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indiatimesINDIATIMES
Bernie Sanders Supports Trump's Proposal to Limit Credit Card Interest Rates to 10%

Credited from: INDIATIMES

  • Senator Bernie Sanders is advancing legislation to cap credit card interest rates at 10%
  • The idea was initially proposed by Donald Trump during his campaign, who described it as a great idea.
  • As of Q3 2024, U.S. credit card debt stands at $1.17 trillion, with average interest rates hitting 24.43%.
  • Some Republicans express concerns that such a policy could negatively impact businesses and credit accessibility.
  • Despite mixed reactions, Sanders is keen to see if Trump will support the forthcoming legislation.

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