Does Trump Really Want to Cap Credit Card Rates at 10%? Bernie Sanders Aims to Find Out | Common Dreams
Does Trump Really Want to Cap Credit Card Rates at 10%? Bernie Sanders Aims to Find Out | Common Dreams
"When large financial institutions charge over 25% interest on credit cards, they are not engaged in the business of making credit available," said Sen. Bernie Sanders. "They are engaged in extortion and loan sharking."
I don't care who ultimately gets credit for it. This would be an absolute game changer for millions of families.
I highly doubt Trump will actually follow though on this. Too many black people and brown people would benefit from this.
It's a grift. A pinch on JP Morgan's nutsack that can be fixed with a generous campaign donation.
Jesus, how much outstanding balance does trump have on his credit cards???
How do you think he paid off the e jean carroll lawsuit?
I would have assumed he just never paid any of it and eventually the courts said "Well fuck, we'd feel awful if we actually sent the repo man to the Whitehouse, let's just let him off the hook."
Trump says many things and almost never does any of the even semi decent things he says.
Not a chance in hell Trump caps it at 10%. Even if he says he wants to, it'll never make it through Congress.
probably not. the very tail end of the article:
During Trump's first term in the White House, Sanders and Rep. Alexandria Ocasio-Cortez (D-N.Y.) introduced legislation that would have capped credit card interest rates at 15%.
Just nine Democrats in the House and one in the Senate co-sponsored the bill, which received zero Republican support.
it’ll never make it through Congress.
trump is just passing laws by Executive Order now and the GOP controlled Congress don't seem to have any problem with that.
He's just prompting musk's Nazi AI for what a president should do, isn't he?!
lmao no way does he just have a silly amount stacked up in credit card debt?
Fascist!