time zones, call 202-7 48-8000. 202-8001.e zones, perspectivee your on the credit card usage and experian,, they are one of the credit agencies, credit -- total debts on credit cards is $800 billion. the average number of credit cards for each of us is about three. the average balance is about $4200. the number of delinquent cardholders is over 30%. matt schultz, when he get more on your take on these ideas, but is here from senator sanders on his proposal. atright now, you are looking a median of the card interest rate of over 21%. that means half of the american people make more than that. if you are earning $10 and arrow , you will be paying 25% interest rates. you go to macy's or kohl's, and a large department store and they say, get our credit card. you get their credit card. what you don't know is that you will be paying like 27% on those. 27%. how much to the banks borrow money? they borrow money from the fed they chargethen people 18-20-20 5% interest. the poor you are, the more desperate you are, the higher the interest rates are. sanderswas senator joined by representative oppre

from experian, one of the credit agencies, total debt on cutter cards right now, $800 billion -- on credit cards right now $800 billion. the average number of credit cards for each of us is around three. the average balance is 4200 dollars. and the number of delinquent cardholders in this country is over 30%. we want to get more of your take on these ideas being put out there. but let's hear from senator sanders first on his proposal. [video clip] now, you are looking at a medium credit card interest 21%. that means half of the american people -- you are earning $10 an hour now you don't have enough money to take care of your family, you will be paying 22% to 25% interest rates and on top of that what is not widely go to any you will large department store and they say get our credit card but you get their credit card what you don't know is you will be paying something like 27% interest rates on that. 27%. how much do the banks borrow money? a borrow money from the fed at 2.5% and charge people 18% 25% interest rates. the poor you are the more desperate you are, the higher the interest rat

from experian, one of the credit agencies, total debt on cutter cards right now, $800 billion -- on creditow $800 billion. the average number of credit cards for each of us is around three. the average balance is 4200 dollars. and the number of delinquent cardholders in this country is over 30%. we want to get more of your take on these ideas being put out there. but let's hear from senator sanders first on his proposal. [video clip] now, you are looking at a medium credit card interest 21%. that means half of the american people -- you are earning $10 an hour now you don't have enough money to take care of your family, you will be paying 22% to 25% interest rates and on top of that what is not widely go to any you will large department store and they say get our credit card but you get their credit card what you don't know is you will be paying something like 27% interest rates on that. 27%. how much do the banks borrow money? a borrow money from the fed at 2.5% and charge people 18% 25% interest rates. the poor you are the more desperate you are, the higher the interest rates are. host: