Jonquilyn Hill

More with CNET's Nick Wolney when Today Explained returns.

Today Explained, we're back with CNET's Nick Wolney talking credit cards. Okay, Nick, wasn't there legislation post-financial crisis that was supposed to fix all of this and ease the burden on credit card holders?

Today Explained, we're back with CNET's Nick Wolney talking credit cards. Okay, Nick, wasn't there legislation post-financial crisis that was supposed to fix all of this and ease the burden on credit card holders?

Today Explained, we're back with CNET's Nick Wolney talking credit cards. Okay, Nick, wasn't there legislation post-financial crisis that was supposed to fix all of this and ease the burden on credit card holders?

How did we get to the point where there can be these wild, wild interest rates?

How did we get to the point where there can be these wild, wild interest rates?

How did we get to the point where there can be these wild, wild interest rates?

So we're at a record high right now, but have Americans always carried credit card debt since these cards have been available?

So we're at a record high right now, but have Americans always carried credit card debt since these cards have been available?

So we're at a record high right now, but have Americans always carried credit card debt since these cards have been available?

Like when you put your Amex on the card and everyone's like, ooh, it's so heavy. It's metal.

Like when you put your Amex on the card and everyone's like, ooh, it's so heavy. It's metal.

Like when you put your Amex on the card and everyone's like, ooh, it's so heavy. It's metal.

That sounds like a good way to get your credit card information stolen.

That sounds like a good way to get your credit card information stolen.

That sounds like a good way to get your credit card information stolen.

Are there states or lawmakers who are advocating for capping these interest rates right now?

Are there states or lawmakers who are advocating for capping these interest rates right now?

Are there states or lawmakers who are advocating for capping these interest rates right now?

Is there a policy fix to this?