CNBCのインスタグラム(cnbc) - 5月10日 01時43分
Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez have a new target: credit card companies.⠀
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The lawmakers, who identify as democratic socialists, will unveil a plan Thursday to cap credit card interest rates at 15%, according to The Washington Post.⠀
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The measure aims to cut current rates significantly: in February, the average credit card interest rate sat at 17.41%, up from 16.15% a year earlier.⠀
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Sanders said: "Wall Street makes tens of billions from people at outrageous interest rates." He was "sure" the plan would face criticism, but added, "Maybe Congress should stand up for ordinary people."⠀
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The measure will have a tough time getting through Congress, particularly the Republican-held Senate. The bank industry will likely oppose it. ⠀
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More details, at the link in bio. ⠀
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*⠀ #policy #economics #economicpolicy #politics #aoc #berniesanders #alexandriaocasiocortez #bernie #money #wealth #wallstreet #wallst #banking #finance #credit #creditcards #interestrates #debt #financialliteracy #moneymatters #business #businessnews #CNBC⠀
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