maybe if it became less profitable to extend credit via credit cards, then people could get back to actually [*gasp*] SAVING for purchases. Instead of continuing to buy things they cannot afford.
Yep. Same reason they culled high interest mortgages for people with questionable (at best) credit. There are some that can negotiate that road to homeownership, and come out on top. Most- >90% imo -cannot. Extending those loans to people were mostly traps with lenders playing the odds they could FC and gain the down payment funds down the road. Occasionally they could be used to get people back into a good position financially or keep a home FROM being FCed, but mostly (and usually on purchases) it was just not worth the borrower risk.