Bernie Sanders' New Plan Will Make It Tougher for Poor People To Get Credit Cards

Posted on AllSides May 10th, 2019
From The Right

Sanders and Rep. Alexandria Ocasio-Cortez want to cap credit card interest rates. There will be unintended consequences.

One obvious truth that politicians have trouble grasping is that the best option in life for most people is sometimes not the best option for everyone.

Consider payday loans. Most people with stable finances and conventional banking accounts tend to avoid them. The rates and fees seem exorbitantly high when extrapolated out over long time frames, as critics tend to do.

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