Credit card debt has reached crisis levels, with the average American cardholder now owing $7,886. When combined with interest rates near 23%, this creates a situation where monthly interest charges ...

Quick Read Americans owe $1.23T in credit card debt at 22.83% APR while the Fed rate sits at 3.72%. Issuers maintain a ...

Two weeks ago, President Donald Trump shocked the banking industry by announcing his support for capping credit card interest ...

Consumer credit is less expensive elsewhere in the world because of greater competition and tougher regulation.

A proposed 10% cap on credit card interest rates could restrict access to credit for millions of Americans. Industry experts ...

There is much to take away from the CFPB review of the credit card market. In 2024, purchase volume increased to $3.6 trillion, and annual growth in credit card spending was about 5%.

The Federal Reserve cut rates by a quarter point in October — the second cut of 2025. Another quarter-point cut is widely expected when the Fed meets next week, though chair Jerome Powell isn't ...

From mortgage rates to auto loans and credit cards, here’s a look at how the upcoming January Fed decision may affect your finances.