I believe they would appreciate a higher interest rate being paid. If that is a result of people being unable to pay the new minimum, then they get longer payment periods, at a highre rate. The principals will never be paid off.
But under the new law the principle would have to be paid off faster-regardless of interest rate-then under the old law. That is the point of the new law.
My point is the credit card companies could just increase the interst rate of a customer without a specific reason if they wanted to. The idea that they want to increase the minimum payment in order to force some people into trouble thus "allowing" the interest rate to be increased is just not logical. Especially so in light of the fact that the CC companies lobbied against this law