“The evidence is clear: price controls, such as interest rate caps, harm consumers. Laws that prevent lenders from charging a market rate of return will lead to less lending,” they argued. AOC ...

Tom Williams/Image via Getty Images US Representatives Alexandria Ocasio-Cortez, also known as AOC, and Anna Paulina Luna introduced a bill late last week to cap credit card interest rates at 10%.

"We need a fair solution - and that means getting rid of the status quo and putting a reasonable cap on interest rates." ...