6 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%.

5 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 ...

4 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%.

Feb 4, 2025 · 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 ...

6 days ago · Republican Sen. Josh Hawley and independent Sen. Bernie Sanders have teamed up to introduce legislation that would cap credit card interest rates at 10% for five years. The unlikely union of Hawley, a conservative from Missouri, and Sanders, a liberal member of the chamber from Vermont, found common ground in calling for relief for working ...

Feb 4, 2025 · 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 · A bill to limit the interest rate on credit cards has been introduced in Congress. The banking industry says capping rates would have unintended consequences.

6 days ago · 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 ...

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 ...