Alexandria Ocasio-Cortez and Bernie Sanders Form Teams on Bank Legislation

Alexandria Ocasio-Cortez and Bernie Sanders Form Teams on Bank Legislation

The bill, Ocasio-Cortez’s first major effort that is legislative would effortlessly place the payday-lending industry out of company.

Alexandria Ocasio-Cortez will announce her first bill that is major, together with Vermont Sen. and presidential prospect Bernie Sanders. It’s something Sanders has proposed for quite some time: a 15 per cent rate of interest cap on all customer loans, which may reduce just what many Us americans spend on the credit cards and efficiently eradicate the loan industry that is payday. Continue reading “Alexandria Ocasio-Cortez and Bernie Sanders Form Teams on Bank Legislation”