"When large financial institutions charge over 25% interest on credit cards, they are not engaged in the business of making credit available," said Sen. Bernie Sanders. "They are engaged in extortion and loan sharking."
During Trump’s first term in the White House, Sanders and Rep. Alexandria Ocasio-Cortez (D-N.Y.) introduced legislation that would have capped credit card interest rates at 15%.
Just nine Democrats in the House and one in the Senate co-sponsored the bill, which received zero Republican support.
Not a chance in hell Trump caps it at 10%. Even if he says he wants to, it’ll never make it through Congress.
probably not. the very tail end of the article:
trump is just passing laws by Executive Order now and the GOP controlled Congress don’t seem to have any problem with that.