In 1991, 18 Senators who still serve today voted for a bill by Sen. Al D’Amato (R-NY) to limit the interest rate credit card companies can charge to 14 percent (the measure was consequently stripped out of the final bill). Those same 18 Senators voted a few weeks ago against a bill by Sen. Mark Dayton (D-MN) to limit the interest rate credit card companies can charge to 30 percent.
Why? Follow the money.
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