Bernie Sanders proposed legislation to cap credit card interest rates at 15%, likening bankers to gangster loan sharks of old cinema
WASHINGTON—Democratic presidential candidate Bernie Sanders proposed legislation Thursday to cap credit card interest rates at 15%, likening bankers to gangster loan sharks of old cinema.
The proposal from the Vermont senator, announced alongside Rep. Alexandria Ocasio-Cortez , has little chance of clearing the Republican-controlled Senate and will face rigorous opposition from financial interests. But it represents the latest attempt by Mr. Sanders, an independent who describes himself as a democratic socialist,...
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