In more news from Capitol Hill, Senator Bernie Sanders and Congressmember Alexandria Ocasio-Cortez introduced legislation that would help millions of Americans saddled with credit card debt by capping credit interest rates at 15%. This is Congressmember Ocasio-Cortez speaking alongside Senator Sanders last Thursday.

Rep. Alexandria Ocasio-Cortez: “When everyday banks start to charge higher and higher interest rates, essentially your credit card becomes a payday loan. And this is not anything radical, because we had these laws for a very long time in red states. We had them in blue states. We had them in half of the United States, had usury laws, until 1978, when they were repealed. And ever since then, it’s given a blank check for credit card companies and for big banks to charge extortion-level interest rates to the poor.”

The bill also calls for the U.S. Postal Service to start provide banking services again to address the lack of access to financial services for poor communities.