Senate refuses to cap credit card interest rates at 15

Never mind that credit union interest rates are capped at 15 percent already.

The effort by Senator Bernie Sanders, the Vermont independent, drew only 33 votes and needed 60. One-third of all credit card holders are paying interest above 20 percent and as high as 41 percent, but the banks own the Senate.

Source:
http://open.salon.com/blog/mick_arran/2009/05/13/senate_dumps_on_credit_card_interest_cap