America Needs Fair Credit—Pass the 10% Interest Rate Cap Now
Every day, hardworking Americans struggle under the crushing weight of sky-high credit card interest rates, many exceeding 25% or even 30%, while banks continue to rake in record-breaking profits.

This is not just unfair—it’s predatory.

That’s why we, the undersigned, are calling on our members of Congress to support and co-sponsor the bipartisan Sanders-Hawley bill, which would cap credit card interest rates at 10% for five years. This common-sense legislation would provide immediate financial relief to millions of Americans drowning in credit card debt, ensuring that access to credit remains fair and reasonable—not exploitative.

 
The Problem: Americans Are Being Exploited by Big Banks
The average credit card interest rate is 28.6%—forcing families deeper into unmanageable debt. Total U.S. credit card debt has hit a record $1.17 trillion, with the average household owing over $21,000 in credit card debt. If a consumer carries a $5,000 balance at 28% interest, they could pay nearly $11,000 in interest alone over time. Meanwhile, major banks borrow money from the Federal Reserve at less than 4.5% and generate $130 billion a year in interest and fees. The credit card industry is exploiting families, students, and seniors—driving them deeper into a never-ending cycle of debt while Wall Street executives make millions. This is legalized loan-sharking, and it must end.

 
The Solution: A Bipartisan Plan to Restore Fairness
The Sanders-Hawley bill is a rare example of bipartisan cooperation in Congress. It would immediately cap credit card interest rates at 10% for five years, giving working families breathing room while ensuring banks still operate profitably and responsibly.

Even President Trump promised to cap credit card interest rates at 10% during his campaign. This is a populist, bipartisan, and overwhelmingly popular solution that Congress has the power to enact right now.

 
We Call on You to Take Action
We, the undersigned, demand that our members of the U.S. House of Representatives and the U.S. Senate:

✅ Publicly support the Sanders-Hawley bill and stand with working Americans against predatory lending.
✅ Co-sponsor the legislation to ensure it gains the momentum needed to pass.
✅ Reject pressure from Wall Street lobbyists who profit from keeping families in debt.

This is not a Democratic or Republican issue—it’s an American issue. People across the political spectrum agree: 25-30% interest rates are nothing more than legalized extortion.

We are watching. We are voting. And we will remember who stood up for the American people when it mattered most.