Collectively, Americans owe $1.28 trillion on their credit cards, according to a new report by the Federal Reserve Bank of ...
Americans are carrying more credit card debt than ever. Balances hit $1.28 trillion by the end of last year’s fourth quarter, ...
Nearly half of American households have credit card debt and pay more than 20% in interest on their revolving balances. Even when the Federal Reserve cuts rates, those high APRs don't fall much.
Jan 12 (Reuters) - A proposed one-year cap on credit card interest rates backed by U.S. President Donald Trump could reduce borrowing costs for some consumers but also limit credit availability, ...
Candice Reeves is a financial writer based out of Nova Scotia. She specializes in personal finance, investing, and cryptocurrency. Her work is featured in leading publications across various ...