Ocasio-Cortez teams up with Bernie Sanders to introduce bill capping ‘outrageously high’ credit card interest rates

But critics claimed capping the interest rate would shrink the market, hurting Americans who rely on small borrowers. “The people who need access and who depend on credit cards to cover large transactions between paychecks are usually those who cannot otherwise gain access to credit and loans from banking institutions,” said Yaël Ossowski, the deputy […]

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