Loading...
Market
What will be the legislative outcome of Sanders-Trump credit card rate cap by September 2025?
3
Resolution / Starting Odds
Passed as proposed • 25%
Passed with amendments • 25%
Rejected • 25%
No action taken • 25%
Official records from the US Congress or credible news reports
Story
Bernie Sanders to Collaborate with Trump on 10% Credit Card Interest Rate Cap, Criticizing 25-30% Usury Rates
Nov 15, 2024, 10:16 PM
Senator Bernie Sanders has announced his intention to collaborate with the upcoming Trump administration to establish a cap on credit card interest rates at 10%. In his statement, Sanders emphasized the need to address the current rates, which can reach as high as 25% to 30%, describing these as usurious practices that exploit American consumers. He expressed hope that Trump would follow through on this promise, highlighting the potential benefits for millions of Americans burdened by high credit costs. This announcement marks a notable shift as Sanders, a prominent progressive figure, seeks to work with a Republican administration on financial reforms.
View original story
Similar markets
Legislation Passed • 25%
Legislation Failed • 25%
Legislation Pending • 25%
No Legislation Proposed • 25%
No legislation introduced • 25%
Legislation introduced but not passed • 25%
Legislation passed in House only • 25%
Legislation passed in both House and Senate • 25%
Above 20% • 25%
Exactly 20% • 25%
Below 20% • 25%
Discontinued • 25%
FDIC abolished • 25%
CFPB abolished • 25%
Both abolished • 25%
Neither abolished • 25%
Yes • 50%
No • 50%
Comprehensive reform passed • 25%
Partial reform passed • 25%
No reform passed • 25%
Reform efforts stalled • 25%