Bernie, AOC Setting Stage for House of (Credit) Cards

Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez are teaming up to take down Amazon’s newest credit card for Prime members. AOC, Bernie Sanders skewer Amazon Prime’s new credit card: We.

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Senator Bernie Sanders & Congresswoman Alexandria Ocasio-Cortez want to rein in the profit banks can collect from consumers. The lawmakers are proposing legislation to cap credit card interest.

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Bernie Sanders recently referred to credit card lenders as, "loan shark hoodlums." Not to be outdone, AOC exclaimed, "they’ll take your home!" Soon, the rest of the torch and pitchfork crowd were lining up to co-sponsor their joint bill to limit the interest rates charged on credit cards.

For the record, that is less than was paid in credit-card fees. Two things are striking about this math. That demand should, one imagines, set restaurant-meal prices at the level that affords some.

Bernie and AOC Just Teamed Up to Take On Credit Card Companies Alexandria Ocasio-Cortez is introducing her first bill as a congresswoman and Wall Street isn’t going to like it. by Rex Santus

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– Alexandria Ocasio-Cortez & Bernie Sanders Take Aim at Credit card interest rates The bill would cap all credit card interest rates at 15 percent. Right now, the average banking institution is charging an interest rate of roughly 17 percent on the cards it issues, though interest rates, according to AOC, allegedly balloon high as "30 or 40 percent" in some cases.

Bernie and AOC Just Teamed Up to Take On Credit Card Companies By Rex Santus May 10, 2019 Wall Street’s two worst nightmares are teaming up to take on the credit card and banking industries with.

Rep. Alexandria Ocsaio-Cortez, D-N.Y., and 2020 candidate Sen. Bernie Sanders, I-Vt., have apparently decided to try to ban credit cards. Sure, that’s not quite what Ocasio-Cortez and Sanders.