3 days ago · 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%.

2 days ago · 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 ...

3 days ago · 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 ...

4 days ago · The Sanders-Hawley bill comes after a recent Forbes report found that the average credit card interest rate is 28.6%, despite banks’ ability to borrow money from the Federal Reserve at less than 4.5%. Exorbitant interest rates and sky-high fees have allowed credit card companies to make enormous profits, supplying their executives with ...

3 days ago · 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%.

3 days ago · Senators Bernie Sanders and Josh Hawley say they will propose a 10 percent limit on credit card interest rates. By Rob Copeland Finance reporter Two senators plan to introduce a bill on Tuesday to ...

3 days ago · Sens. Josh Hawley (R-Mo.) and Bernie Sanders (I-Vt.) introduced a bill on Tuesday seeking to cap credit card interest rates at 10 percent. “Credit card interest rates are out of control. Rates ...

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.

4 days ago · 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 ...

Sens. Bernie Sanders, I-Vt., and Josh Hawley, R-Mo., introduced a new bill on Tuesday to cap credit card interest rates at 10%, which Trump had proposed doing temporarily during his 2024 ...