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Populist duo of Sanders and Hawley have a terrible gambit to cap credit card interest rates

Washington’s bipartisan populist duo of Sen. Bernie Sanders and Sen. Josh Hawley have a plan on credit card debt— promising to “help” consumers by quietly cutting them off from access to credit. Their proposal, to cap credit-card interest rates at 10 percent, is getting some new momentum and is pitched as a mercy to struggling Americans. Who wouldn’t want lower interest rates? Source
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Consumer Choice Center broke the news in on Thursday, January 8, 2026.
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