can be done without necessarily creating all those problems. But Trump and Republicans, if they do it, will surely do it in a way to hurt the most people.

And Republicans will yell "LOOK WHAT THE DEMOCRATS DID TO YOU!!!!"

Credit limits got lowered to the amount owed, accounts were closed to new charges, and credit scores dropped.

They can try but they will get sued for changing the rules mid game. Also, CC debt is unsecured so you can walk away at the cost of a few grand lawyer fee and a lower credit score for a couple of years.

And that they are not really taking massive profits but merely mitigating their risks, and that if you carry a balance, you're really to blame then, aren't you?

In other words, three paragraphs of garbage capitalist claptrap.

They are trying to come up with something people will like so they can run on it. There is a reason it is only for a year. Just long enough to keep some seats and then it goes away.
Just another con job.

in the mid-70s, as a single female, I could not get a credit card without a card-holder's co-signature. Most card holders were males. I had a fulltime job as a journalist but that didn't matter. My boss, a male, co-signed for me...as long as it had a fee... so I paid $30/yr for my first card. Paid that for years until cards started accepting female customers. Finally got another card that didn't have an annual fee in the early 1980s.

be made which protects consumers from the very many clever ways the credit card companies can do you in.

That's exactly why we need independent agencies...I don't know...like maybe a Consumer Protection Agency. It would be even nicer if say...I don't know....like the republicans would work with such an agency to help craft truly meaningful solutions....

This is EXACTLY why this country doesn't want a King to interject seat-of-the-pants policies which will more likely do more harm than good (but won't it ever get cheers from those that help prevent solutions).

He interjects his slap-clap stupidity into every aspect of our lives, it seems.