Watch: Senators Sanders, Hawley introduce bill to cap credit card interest at 10%

Name: Watch: Senators Sanders, Hawley introduce bill to cap credit card interest at 10%
Uploaded: 2025-02-04T21:03:29+00:00
Duration: 1 min 47 s
Description: [Ray] Senators Bernie Sanders, I-Vt., and Josh Hawley, R-Mo., introduced a bill to cap credit card interest rates at 10%, a significant reduction from the current average of 28.6%. “When large financial institutions charge over 25 percent interest on credit cards, they are not engaged in the business of making credit available. They are engaged...