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10 Percent Credit Card Interest Rate Cap Act (S-381) · Congress.wiki

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Introduced in Senate

February 4, 2025•3 pages

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Pending Committee

February 4, 2025

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

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AI Summary

United StatesSenate Bill 381S 381

10 Percent Credit Card Interest Rate Cap Act

Finance and Financial Sector

3 pages

senate

Adds a statutory cap on credit card annual percentage rates (APRs) into the Truth in Lending Act, bars the use of certain non‑finance fees to evade that cap, and creates private and/or civil remedies and penalties for violations. The law preserves stronger state consumer protections and includes a scheduled repeal/sunset (temporary statutory change).

house

president

Introduced February 4, 2025 by Bernard Sanders · Last progress February 4, 2025

New Yorkrepresentative·Alexandria Ocasio-Cortez

10 Percent Credit Card Interest Rate Cap Act

house

Bill

Finance and Financial Sector

senate

president

1 cosponsor·Updated 3/8/2026·Last progress March 6, 2025