The average credit card rate is 20.51%, Bankrate reports. That’s a hair below the all-time record, 20.79%, set in August. Card rates are so high, in part, because of the Federal Reserve. The central ...
President Biden has put exorbitant credit card late fees in his administration’s regulatory crosshairs. On Wednesday, the administration announced the proposal of a new rule to cap those fees at $8, ...
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