Feb 4, 2025 · The Sanders-Hawley bill would immediately cap credit card interest rates at 10 percent. The legislation would be in effect for five years. This bipartisan bill comes after a recent Forbes report found that the average credit card interest rate is 28.6%, even though banks are able to borrow money from the Federal Reserve at less than 4.5%.

Feb 5, 2025 · Sen. Bernie Sanders of Vermont and Sen. Josh Hawley, a Republican from Missouri, introduced legislation to cap credit card interest rates at 10%. Credit card interest rates refer to the fee a card ...

Feb 4, 2025 · The average credit card interest rate is over 20%, according to data from Bankrate. Sanders and Hawley’s bill comes after President Donald Trump vowed in the 2024 race to temporarily cap credit ...

2 days ago · Democratic Senator Bernie Sanders has introduced a bill to cap credit card interest rates at 10 percent—a promise President Donald Trump campaigned on in 2024.. The bipartisan legislation ...

Feb 4, 2025 · Today, U.S. Senator Josh Hawley (R-Mo.) and Senator Bernie Sanders (I-Vt.) introduced bipartisan legislation to immediately cap credit card interest rates at ten percent for five years. The legislation follows President Trump’s campaign promise …

Feb 4, 2025 · Sens. Josh Hawley (R-Mo.) and Bernie Sanders (I-Vt.) introduced a bill Tuesday seeking to cap credit card interest rates at 10 percent — "just like" President Trump proposed, Hawley said.

Feb 4, 2025 · Sens. Bernie Sanders (I-Vt.) and Josh Hawley (R-Mo.) today introduced legislation to cap credit card interest rates at 10%, as suggested by President Trump during his campaign for office. According to a joint statement by the two senators, the proposed bill would immediately cap credit card rates upon becoming law. It would remain in effect for ...

Feb 4, 2025 · Senators Bernie Sanders and Josh Hawley introduced new legislation that would cap interest rates on credit cards at 10% to fulfill one of President Trump's campaign promises.

May 9, 2019 · Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez introduced on Thursday a plan to rein in the profit banks can collect from consumers, proposing to cap credit card interest rates...

6 days ago · A political odd couple is joining forces to lower credit card interest rates. Sen. Bernie Sanders (I-Vt.) and Sen. Josh Hawley (R-Mo.) unveiled a bill that would cap credit card interest rates at 10%.