Skip to content
Sign up to receive our free weekday morning edition, and you'll never miss a scoop.
The Senate spent last week kicking the tires on deposit insurance, the system that guarantees the funds that U.S. consumers park in regulated banks.

Elizabeth Warren backs 10% cap on credit cards

The incoming top Democrat on the Senate Banking Committee threw her support behind a 10% cap on credit card interest rates.

Sen. Elizabeth Warren (D-Mass.) told reporters she saw an opportunity to work with President-elect Donald Trump to cap card rates. Trump promised on the campaign trail to do just that.

“Bring it on,” Warren said.

Subscripion logo

You're seeing a preview of our Premium Policy: The Vault financial services and tax policy coverage. Read the full story by subscribing here.

Punchbowl News Presents

Our new weekly show, Fly Out Day, brings you inside the most consequential decisions shaping Congress with the people at the center of the story. From Hill leadership to Washington’s most-plugged in reporters, join us straight from our townhouse each Thursday evening. Watch the latest episode now.

Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.

Punchbowl News Presents

Our new weekly show, Fly Out Day, brings you inside the most consequential decisions shaping Congress with the people at the center of the story. From Hill leadership to Washington’s most-plugged in reporters, join us straight from our townhouse each Thursday evening. Watch the latest episode now.