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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 SandersOn The Money: Senators push for changes as chamber nears vote on .9T relief bill | Warren offers bill to create wealth tax Sanders vows to force vote on minimum wage No. 2 Senate Democrat shoots down overruling parliamentarian on minimum wage MORE (I-Vt.) and Rep. Alexandria Ocasio-CortezAlexandria Ocasio-CortezBiden officials urge patience on immigration amid border surge Clinton: Allegations against Cuomo 'raise serious questions,' deserve probe Ocasio-Cortez: wage only 'socialist' to those in 'dystopian capitalist nightmare' 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.