Over 100 million Americans have credit card debt now, many of them putting groceries and gas on their credit cards just to be able to make it to the end of the month. And Delinquencies are at the highest since the crash of 2008. So let's talk about affordability. In January, President Trump promised to cap credit card interest rates. He politely asked the biggest banks to put in place a one year, 10% cap by January 20th. (01:21–01:27)
CLAIM
Asserts that credit card delinquencies are at their highest level since 2008.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
