Bipartisan Bill Would Cap Credit Card Interest at 10%

By Casey Harper | The Center Square(Worthy News) – A new bipartisan bill introduced in Congress on Tuesday would cap the interest rate that credit card companies can charge at 10%.The bill has bipartisan support from unusual bedfellows: U.S. Sens. Josh Hawley, R-Mo., and Bernie Sanders, I-Vt.“When large financial institutions charge over 25% interest on credit cards, they are not engaged in the business of making credit available,” Sanders said in a statement. “They are engaged in extortio