Credit Card Interest Rates to Change Under New Bill
A new bipartisan bill introduced by Representatives Alexandria Ocasio-Cortez and Anna Paulina Luna aims to cap credit card interest rates at 10%.
Maximum credit card interest rate by law
There is no federal law regarding maximum credit card interest rates, however, laws do exist at the state level. Here's what you need to know.
Federal push to cap credit card interest rates
FOX 13's Evan Axelbank reports that Anna Paulina Luna is teaming up with Rep. Alexandria Ocasio-Cortez to cap interest rates at ten percent.
Freedom Caucus member Anna Paulina Luna joins AOC to push 10% credit card interest rate cap
Republican Rep. Anna Paulina Luna of Florida joins with Democratic Rep. Alexandria Ocasio-Cortez of New York to push a proposal to cap credit card interest rates at 10%
AOC Advances Trump's Campaign Pledge to Cap Credit Card Rates at 10% Under New Law
US Representatives Alexandria Ocasio-Cortez and Anna Paulina Luna introduced a bill last week that would slash credit card interest rates, offering major relief to millions of Americans in debt.
AOC and Luna in unlikely team-up to take on credit card interest rates
An unlikely duo of lawmakers is teaming up to bring relief to consumers by creating caps on credit card interest rates. On Friday, Reps. Alexandra Ocasio-Cortez (D-NY) and Rep. Anna Paulina Luna (R-FL) introduced legislation that would cap credit card interest rates at 10%.
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That's less than half the going rate for new cards as well as existing ones.
What are usury laws and maximum interest rates?
Usury laws set limits on the amount of interest lenders can charge on loans and are typically set at the state level. There ...
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How To Lower Your Credit Card Interest Rate
it may also be considered when determining your interest rate. Because those with lower income and lower credit scores are seen as higher-risk borrowers, card issuers and other lenders will be ...