By CCN: 2020 presidential hopeful Bernie Sanders and his democratic-socialist protégé Alexandria Ocasio-Cortez are trying to introduce a bill that even AOC describes as “radical.” Alexandria Ocasio-Cortez & Bernie Sanders Take Aim at Credit Card Interest Rates The bill would cap all credit card interest rates at 15 percent. Right now, the average banking institution is charging an interest rate of roughly 17 percent on the cards it issues, though interest rates, according to AOC, allegedly balloon high as “30 or 40 percent” in some cases. New policy proposal dropping tomorrow with a special Senate co-lead ? It’s radical, which
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