Credit Card Interest Rates to Change Under New Bill
A new bipartisan bill introduced by Representatives Alexandria Ocasio-Cortez and Anna Paulina Luna aims to cap credit card interest rates at 10%.
Maximum credit card interest rate by law
There is no federal law regarding maximum credit card interest rates, however, laws do exist at the state level. Here's what you need to know.
Federal push to cap credit card interest rates
FOX 13's Evan Axelbank reports that Anna Paulina Luna is teaming up with Rep. Alexandria Ocasio-Cortez to cap interest rates at ten percent.
Freedom Caucus member Anna Paulina Luna joins AOC to push 10% credit card interest rate cap
Republican Rep. Anna Paulina Luna of Florida joins with Democratic Rep. Alexandria Ocasio-Cortez of New York to push a proposal to cap credit card interest rates at 10%
AOC teams up with Florida Republican Rep. Anna Paulina Luna for bill capping credit card interest at 10%
Sens. Bernie Sanders (I-Vt.) and Josh Hawley (R-Mo.) introduced cap legislation last month. Ocasio-Cortez has been involved with similar legislation in the past, including a 2019 bill to cap interest rates at 15%.
AOC Advances Trump's Campaign Pledge to Cap Credit Card Rates at 10% Under New Law
US Representatives Alexandria Ocasio-Cortez and Anna Paulina Luna introduced a bill last week that would slash credit card interest rates, offering major relief to millions of Americans in debt.
AOC and Luna in unlikely team-up to take on credit card interest rates
An unlikely duo of lawmakers is teaming up to bring relief to consumers by creating caps on credit card interest rates. On Friday, Reps. Alexandra Ocasio-Cortez (D-NY) and Rep. Anna Paulina Luna (R-FL) introduced legislation that would cap credit card interest rates at 10%.
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That's less than half the going rate for new cards as well as existing ones.