AOC teams up with Florida Republican Rep. Anna Paulina Luna for bill capping credit card interest at 10%

Millennial congresswomen Reps. Anna Paulina Luna and Alexandria Ocasio-Cortez have introduced legislation to cap credit card interest rates at 10%, aiming to protect working class Americans from high interest rates. Despite previous support from President Trump, experts warn that such a drastic cap could lead to credit rationing and harm low-income borrowers. The proposal faces opposition from banking groups and has not gained significant traction in Congress.

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