Extortionate Credit Card Interest Rates

For the past three years we have had the lowest Federal Interest rate of just 0.5% or less, yet anyone with a credit card in the USA hasn't seen the benefit of this historically low rate. The banks and card companies are still charging rates of 20%+. These extortionate figures are causing real hardship across the country. The Government should act to make banks reduce these rates, especially those banks that were bailed out by the Tax payer. Make no mistake.!! As soon as the base rate rises, so too will credit card interest rates. Mr. President, banking reform should also include a proper review of rates charged to customers! The banks can not justify double figure interest rates.