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Soviet Sanders and AOC (Almost Openly Communist)want you to collect less money from interest

No.394891 ViewReplyOriginalReport
New York Democrat Alexandria Ocasio-Cortez will unveil a bill along with Independent Vermont Sen. Bernie Sanders on Thursday, which contains a proposal that she admitted might sound dramatic.

The legislation calls for a 15 percent cap on credit card interest rates, with the ability of states to establish lower limits if they wish.

“A 15 percent cap on interest rates, it’s one of those things that might sound radical today,” Ocasio-Cortez told reporters on Capitol Hill.

The bill is called the Loan Shark Prevention Act, and is something Sanders has been promoting for years. It would penalize lenders for violations.

According to data from Creditcards.com, as cited by The Washington Post, the median interest rate was 21.36 percent last week.