Credit Card issuer have culture that focus on growth by targeting financially strapped people.
Assume that you are a member of congress, what would you do?
Create legislation that does not allow credit-card issuers to raise interest rates for those who cannot pay their bills.
Create legislation that makes it a crime for people like Cate Columbo to entice people to spend money on a credit card when they can’t afford it.
I would not create any legislation. Credit-card issuers and people like Cate Columbo are not to blame for our financial problems. People must be responsible for their own behavior.
Invent other options.