Congress should reject harmful APR cap legislation
March 12, 2025
March 12, 2025
WASHINGTON, March 12 [Category: Financial Services] -- America's Credit Unions posted the following news:
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Congress should reject harmful APR cap legislation
America's Credit Unions called for Congress to reject the 10 Percent Credit Card Interest Rate Cap Act (H.R. 1944 ), which would create an all-in annual percentage rate (APR) cap for credit cards, in a letter sent to bill sponsors Reps. Alexandria Ocasio-Cortez, D-N.Y., and Anna Paulina . . .
* * *
Congress should reject harmful APR cap legislation
America's Credit Unions called for Congress to reject the 10 Percent Credit Card Interest Rate Cap Act (H.R. 1944 ), which would create an all-in annual percentage rate (APR) cap for credit cards, in a letter sent to bill sponsors Reps. Alexandria Ocasio-Cortez, D-N.Y., and Anna Paulina . . .