Senator Bernie Sanders Senator Bernie Sanders, an Independent from Vermont. Photographer: Nicole Craine/Bloomberg

While they gave a strong endorsement of credit unions, Sen. Bernie Sanders (I-Vt.) and Rep. Alexandria Ocasio-Cortez (D-N.Y.) Thursday unveiled legislation to allow postal banking and cap interest rates for consumer loans and credit cards at 15%.

As they outlined their legislation during an event posted on social media, the two lawmakers praised credit unions for keeping their interest rates low.

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Credit Union Times

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