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Bernie Sanders backs Trump’s 'great idea' to cap credit card rates at 10%

IndiaTimes Wednesday, 1 January 2025
Senator Bernie Sanders plans to introduce legislation to cap credit card interest rates at 10%, a proposal initially supported by President-elect Donald Trump during his campaign. Trump pledged the cap as a way to assist Americans with high credit card debt. Despite Trump's backing, some Republicans oppose the cap, fearing it might hurt businesses.
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