Today U.S. Senator Josh Hawley (R-Mo.) released the following statements, condemning the recently announced Capital One-Discover merger and calling for the deal to be blocked. Senator Hawley also renewed his push to cap credit card interest rates at 18 percent to provide relief for working Americans.
Sounds like the credit card companies finding another way to screw the American people. This merger should be blocked - and Congress ought to cap credit card rates pronto https://t.co/5l2vuG3qjH
— Josh Hawley (@HawleyMO) February 21, 2024
Cap credit card rates at 18%. No more extortion by the credit card companies
— Josh Hawley (@HawleyMO) February 21, 2024
Last September, Senator Hawley introduced the Capping Credit Card Interest Rates Act to cap credit card interest rates at common sense levels and bring relief to working people across America.