Look at the amount of the minimum payment that goes to interest. Credit counselors advise that getting out of debt quickly requires payment of three times the minimum monthly payment. In the 19th century, debtors were placed in prison. Although the practice was outlawed, a modern version exists. If people are delinquent on a credit card, their interest rates go up and they're faced with late fees.
Debtors prison has a modern look.
Independent of interest rates, Congress should also regulate other questionable credit card practices. Late payment on one card should not entitle another bank to raise interest rates on a card the user has timely paid. Yet it happens. Nor should customers be charged a fee for going over the card limit after a store clerk receives approval to process the purchase from the bank. They generally have no significant income for years.