Bernie Sanders of Vermont and Sen. Josh Hawley, a Republican from Missouri, introduced legislation to cap credit card interest rates at 10%. Credit card interest rates refer to the fee a card issuer charges if a consumer doesn’t pay off their credit card balance in full by a certain date.

Senators Bernie Sanders and Josh Hawley introduced new legislation that would cap interest rates on credit cards at 10% to fulfill one of President Trump's campaign promises.

Sens. Josh Hawley (R-Mo.) and Bernie Sanders (I-Vt.) introduced a bill on Tuesday seeking to cap credit card interest rates at 10 percent. “Credit card interest rates are out of control. Rates