Bipartisan Bill Cap Credit Card Interest
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interest rate capCNBC
•Business
Business & Economics
A new bill would cap credit card interest rates at 10%. Here's what that could mean for your money
88% Informative
Senators Bernie Sanders , I-Vt., Josh Hawley , R-Mo. introduce a bill that would cap credit card interest rates at a 10% APR .
The proposal has a long way to go before it could become law, experts say.
The banking industry opposes the idea of a rate cap, saying it will limit consumers' access to credit.
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92
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92
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68
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