In a seemingly peculiar double-sided Association, a member of the Conservative House for Freedom, member of MP Anna Paulin Luna, R-Fla, and a congress progressive member of MPs. Alexandria Fathers-CortezDN.Y., joined to encourage a measure that would limit interest rates of credit card rates at 10%.
“The annual percentage rate that is applicable to extension of the loan obtained by using a credit card should not exceed 10 percentage points, including all funding costs,” proposes a proposal.
Responding to the post on X, which indicated Luna and her left of the compatriot “weird beard,” said the GOP Congress wife, “I would claim that this is not strange at all. Most people agree with crazy interest rates on the predatory card.”
What would be the impact of interest rates on the credit card?
Left: tail. Anna Paulina Luna, R-Fla. Right: tail. Alexandria Fathers-Cortez, Dn.y. (Left: Bill Clark/CQ-Roll Call, Inc via Getty Images; Right: Tom Williams/CQ-Roll Call, Inc via Getty Images)
Sen. Bernie SandersI-Vt., And Senator Josh Hawley, R-MM.
Trump floated with the idea of temporary caps on credit card interest During the speech of the campaign last year.
Bernie Sanders, Josh Hawley joins Trump’s promises to reduce credit card rates at 10%
“And while the Americans are compensating, we will put a temporary limit on the interest rates on the credit card. We will cover it about 10%. We cannot allow them to earn 25 and 30%,” he said.
“We promise this more than talks by introducing legislation to protect working people from other trapped in the mountains of debt,” the Fathers-Cortez said of Trump’s Zalog, said the Congress of Congress on the proposed legislature.
Older Americans collecting debt on credit card to cover costs, find Aarp
The elected US President Donald Trump smiled during the American Tort Tina in USAFEST at the Phoenix Congress Center on December 2, 2024 in Phoenix, Arizn. (Rebecca Noble/Getty Images)
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“For too long, credit card companies have been abused by American working class Americans with absurd interest rates, capturing them in an almost insurmountable debt amount,” Luna said, according to a press release. “We need a fair solution – which means that we get rid of the status quo and put a reasonable limit of interest rates.”
