Sen. Bernie Sanders (I-Vt.) is open to working with President-elect Donald Trump and the incoming administration on capping credit card interest rates.
Trump recently proposed implementing a 10 percent temporary cap on credit card rates.
“While working Americans catch up, we’re going to put a temporary cap on credit card interest rates,” Trump said at a Long Island rally on Sept. 18. “We’re going to cap it at around 10 percent. We can’t let them make 25 and 30 percent.”
The policy would likely require congressional action.
Sanders, who recently secured another term in the upper chamber, said he looks forward to collaborating with the president-elect and his team on limiting credit card interest fees, calling current rates “usury.”…