Big Take: Banks Say Trump's Credit Card Cap Won't Work

I mean, how have these rates affected consumers and users of credit cards. Like, how big of an affordability issue would you say high credit card rates actually are according to data and experts in the space. >> Yeah, and that and that's something that a lot of uh people are are debating right now.Credit card debt is a a huge issue for a lot of um Americans. In in the third quarter of 2025, US borrowers were carrying a a record 1.23% 23 trillion in credit card debt. That's according to the New York Federal ...