1. United States
  2. Calif.
  3. Letter

Support a Cap on Credit Card Interest

To: Rep. Thompson, Sen. Padilla, Sen. Schiff

From: A constituent in Sonoma, CA

February 3

When big banks charge 24% or 30% interest on credit cards, they are not engaged in the business of "making credit available." They are involved in extortion and loan sharking. Yes, we need to cap credit card interest rates at 10% and stop Wall Street from ripping off Americans.

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