If you're honestly telling me Protestants don't interpret the Bible, I've got a bridge I can sell you. Really cheap, too.
huh?? of course not, we all interpret it, individually, personally as guided by the Spirit. We also have Bible Study adn Pastors who do lead us, but we learn together, we are not dictated to, and we are free to find the fellowship/church/pastor that is right for us.
I study many different Bibles and read many, different interpretations. I research original translations. I benefit from the ideas and concepts of many.
In Bible study we debate, and exchange opinions about the meanings of different passages and how they apply to our lives.