During the Biden/Harris economy, interest rates soared while the rate in increased income remained lower than the inflation rate. As a result, there is currently more than a trillion dollars of credit card debt. People had to take cash advances just to balance their household budgets.
Proposal: Reduce credit card interest rates to no more than the Prime Rate plus five (5) percent. Also, the minimum monthly payment should be capped at three (3) percent of the current balance.