Florida Congresswoman Anna Paulina Luna and New York Democrat Alexandria Ocasio-Cortez have teamed up to co-sponsor a bill that would limit credit card interest rates to 10%.
“I’m proud to be the bipartisan co-lead to this legislation. For too long, credit card companies have abused working class Americans with absurd interest rates, trapping them in an almost insurmountable amount of debt. We need a fair solution – and that means getting rid of the status quo and putting a reasonable cap on interest rates,”said Representative Anna Paulina Luna.
“Credit cards with high interest rates regularly trap working people in endless cycles of debt. At a time when families are struggling to make ends meet, we cannot allow big banks to shake down our communities for profit. During his campaign, President Trump pledged to cap credit card interest rates at…
