Credit card interest rates are too damn high, according to an unlikely combination of politicians who’ve recently drawn ...

A political odd couple is joining forces to lower credit card interest rates. Sen. Bernie Sanders (I-Vt.) and Sen. Josh Hawley (R-Mo.) unveiled a bill that would cap credit card interest rates at 10%.

Card companies make money on the interest. The revenue also protects them against losses to consumers who don’t pay the money back. Default rates on credit cards top 3%, the highest level since ...

Those customers often pay the highest rates. Card companies make money on the interest. The revenue also protects them ...