Seven out of 10 GOP primary voters are sympathetic to the main ideas of the Loan Shark Prevention Act introduced last week by Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez, according to a Business Insider poll. The legislative proposal would cap the interest rates that credit card companies and payday lenders can charge consumers at 15 percent.
The surprising show of support from GOP voters for the goals of the bill suggests that the base of support for efforts to rein in loan sharks crosses party lines in ways that leaders of the Republican Party may be reluctant to admit. In addition to the unexpected support from GOP voters, 73 percent of Democratic primary voters polled by Business Insider said they support the proposal.