Rep. Anna Paulina Luna Teams Up With AOC to Take on Greedy Credit Card Companies

Rep. Anna Paulina Luna Teams Up With AOC to Take on Greedy Credit Card Companies

EXCERPT

Rep. Anna Paulina Luna (R-FL) has found an unlikely ally in her bid to take on credit card companies.

The second-term Congresswoman has worked together with Rep. Alexandria Ocasio-Cortez (D-NY) to ban credit card companies from charging more than 10 percent interest.

Together, the two women introduced legislation on Friday that would see this rule come into effect.

“For too long, credit card companies have abused working-class Americans with absurd interest rates, trapping them in an almost insurmountable amount of debt,” Luna said in a statement.

“We need a fair solution – and that means getting rid of the status quo and putting a reasonable cap on interest rates,” she continued.

“Credit cards with high interest rates regularly trap working people in endless cycles of debt.”

”At a time when families are struggling to make ends meet, we cannot allow big banks to shake down our communities for profit.”