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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Bernie Sanders Backs Trump's Plan for 10% Credit Card Interest Rate Cap To Save Americans Billions

Bernie Sanders Donald Trump CFPB Business Insider
A credit card interest rate cap at 15% was proposed by Sanders in 2019. (Credit: berniesanders.com)

A surprising team-up is brewing between US Senator Bernie Sanders and President-elect Donald Trump on a long-standing issue that kept millions of Americans in debt for years while hampering their ability to save and grow money.

During his campaign, Trump suggested temporarily imposing a 10% limit on credit card interest rates to allow people to 'catch up' on their existing loans.

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