Sanders, Ocasio-Cortez to unveil legislation targeting credit card, banking industries

Sanders, Ocasio-Cortez to unveil legislation targeting credit card, banking industries
© Greg Nash

Sen. Bernie SandersBernie SandersJames Carville: Biden represents 'stability' not 'generational change' Ocasio-Cortez, progressives trash 'antisemitic' Politico illustration of Bernie Sanders 2020 Democrats target federal ban on abortion funding MORE (I-Vt.) and Rep. Alexandria Ocasio-CortezAlexandria Ocasio-CortezGOP amps up efforts to recruit women candidates Ocasio-Cortez, progressives trash 'antisemitic' Politico illustration of Bernie Sanders Biden under pressure from environmentalists on climate plan MORE (D-N.Y.) are set to introduce legislation Thursday targeting the credit card and banking industries.

The two lawmakers will unveil the proposal in a Facebook livestream at 12 p.m. 

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Neither office responded to requests for more information on the plan they say is aimed at protecting consumers.

Sanders, who is running for president, has been a vocal critic of Wall Street throughout his career.

He has frequently introduced plans with the goal of making financial and economic policies prioritize the average American instead of the upper class.

Ocasio-Cortez has similarly railed against skyrocketing inequality and advocated for increased regulation of Wall Street institutions.

The freshman New York lawmaker worked on Sanders's ultimately unsuccessful 2016 presidential campaign.