Opinion: Congress’s two loudest socialists are teaming up to take on credit-card companies—while applying their familiar analytical skills to economics.
Congress’s two loudest socialists are teaming up to take on credit-card companies—while applying their familiar analytical skills to the economics. Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez last week proposed capping interest rates on consumer loans at 15%.
“There is no justifiable reason that a person—no matter their background—should be charged an interest rate higher than 15%,” AOC says. The pair argue that today’s median rate on credit cards, 21%, is too high given that banks can borrow from the Federal Reserve...
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sanders, Ocasio-Cortez want to cap credit card interest rates at 15 percentThe proposal is sure to meet stiff resistance from the banking industry, which brought in $113 billion in interest and fees from credit cards last year, up 35 percent from 2012.
Read more »
'Fresher options' may replace Bernie Sanders as preference of young votersBernie Sanders may have captured the hearts of young voters in 2016 and be leading them now, but one observer of youth politics thinks that that advantage may evaporate by jonward11
Read more »
Bernie Sanders, a Front-Runner With Financing to Prove It, Struggles to Retain Outsider StatusThe candidate who blasted the campaign-finance system as “corrupt” has drawn support from outside groups with few restrictions and undisclosed donors. Meanwhile, his liberal policies, such as Medicare for All, have been embraced by many Democratic contenders.
Read more »
Elizabeth Warren turns down Fox News town hall, calls network a 'hate-for-profit racket'The Massachusetts senator's rejection breaks with other Democratic contenders like Bernie Sanders and Pete Buttigieg.
Read more »
Fox News viewers are more likely to support Bernie Sanders than people who watch MSNBCSanders was an outlier in this regard, as every other 2020 Democratic included in the poll had more support among MSNBC viewers.
Read more »
How Bernie Sanders would lower credit card feesSen. Bernie Sanders is teaming up with Rep. Alexandria Ocasio-Cortez on a plan to cut the fees that Americans pay on their credit card bills. Here's how their proposal would work 👇
Read more »
Biden’s lead over Sanders keeps growing. Here’s why.Biden’s lead over Bernie Sanders keeps growing — here’s why by AndrewRomano
Read more »
Alexandria Ocasio-Cortez suggests battle between Bernie Sanders and Elizabeth Warren for her 2020 endorsementThe 2020 field is crowded with Democratic candidates, and the freshman from New York could help tip the scales.
Read more »