A post by @WatcherGuru on X.

Senate Democrats are preparing legislation to cap credit card interest rates at 10%, according to a Watcher.Guru report. The proposal targets a market where major U.S. card issuers routinely charge APRs well above that level, setting up a direct clash with banks and card networks over consumer lending revenue. If enacted, the cap would compress interest income at issuers and could reshape pricing on rewards, fees and credit access. The measure's path remains uncertain, with no vote or bill text yet detailed. Watch for the formal filing, committee action and bank and card-issuer responses in the sessions ahead.