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Senator Bernie Sanders has announced he will work with Trump to cap the credit card interest rates at 10%

One thing guys like this don't realize is you can't get blood from a stone, so doing something like that will have knock-on effects. For example, maybe they cancel 75% of credit cards and only let the 1% have them to keep risks down low enough that they can be profitable at 10% interest. Maybe they introduce very high annual fees, like a couple hundred dollars a year on a 1500 credit line. Credit cards are the riskiest unsecured debt, so they won't just give away free money they won't get back in any other way.
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