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Banker Insider @bankerinsider.bsky.social · 10/02/2025

Senators Bernie Sanders & Josh Hawley propose a 10% cap on credit card interest rates for 5 years to ease financial burdens. Supporters say it helps consumers, but critics warn it could limit credit access and reduce rewards. Previous attempts to cap APRs have failed—will this one succeed?

marketwatch.com

Sanders floats bill to fulfill Trump campaign vow. Critics call it ‘pandering.’

Many Americans are paying credit-card interest rates over 20%, but a new bill from a bipartisan duo would slice their card costs in half with a temporary rate cap of 10%.

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