Both former President Donald Trump and Senator Bernie Sanders have surprisingly endorsed a proposal to limit credit card interest rates to 10%. This rare moment of agreement between the two political figures, who come from opposite ends of the political spectrum, suggests a potential area for collaboration despite the contentious political climate.
The aim of this proposal is to alleviate the financial burden on consumers, reflecting concerns over high-interest debt in the United States. If implemented, this could have significant implications for traditional financial institutions and consumer credit markets.