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Sanders And Ocasio-Cortez Pitch Credit Debt Relief

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Sanders And Ocasio-Cortez Pitch Credit Debt Relief

Sanders And Ocasio-Cortez Pitch Credit Debt Relief

On Thursday both Bernie Sanders and Rep.

Alexandria Ocasio-Cortez revelead ambitious new legislatio that would impose a federal cap of 15% on credit card interest rates.

Business Insider reports the bill would also allow states to impose interest rates lower than 15%.

It's a bold plan at a time of record-high levels of credit card debt and interest rates.

During an interview with the Washington Post Sanders shares, "I am sure it will be criticized.

I have a radical idea, maybe Congress should stand up for ordinary people." According to the Federal Reserve, Americans are collectively over $1 trillion in credit card debt.

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