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Why are credit card rates hovering at 25–30% when mortgages and car loans are much lower? In this episode of Watchdog on Wall Street, Chris breaks down the real reasons—and exposes why political calls to “cap” rates at 10% are total nonsense.
Here’s what you’ll hear:

• The Teamsters’ new “privileged” credit card scam with a 27.4% APR
• Why credit card debt is unsecured—and what that means for sky-high rates
• The bankruptcy loophole that drives costs higher for everyone
• Why a government-mandated 10% cap would crush ordinary borrowers and lock millions out of credit entirely
• How to actually use credit cards the smart way (hint: pay in full, collect the perks, never carry a balance)
• Why politicians keep selling fantasies they know will never happen

Credit cards can be a tool—or a trap. The choice is yours.