Credit Card APRs Reach Unprecedented Levels, Warns Consumer Protection Bureau
Friday, 23 February 2024, 19:00
Credit card interest rates surge to all-time highs
Credit card APRs are at record levels, making them more costly for consumers.
Profit margins increase for card issuers
One reason: Issuers appear to be raising their profit margins, as reported by the Consumer Financial Protection Bureau.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.