KSHB 41 reporter Grant Stephens covers stories of consumer interest. Share your story idea with Grant.
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President Donald Trump has called for a 10% credit card rate cap to help relieve the payment burden for millions of Americans, asking credit card companies to make the change by Tuesday, Jan. 20.
The proposal comes as new data shows Missouri and Kansas residents are struggling with mounting credit card debt. A report from WalletHub shows Missouri ranked worst in the nation for credit card scores going down in 2025, while Kansas came in fourth.
Debt counselors say inflation, high housing costs and interest rates averaging 23% have led to a higher number of people carrying debt on their cards.
“Consumers are strapped for cash these days,…