ROCHESTER, N.Y. – Retail credit card interest rates have surged recently and are not expected to decrease anytime soon. This increase followed a proposed rule by the Consumer Financial ...

Banks are keeping credit card rates high even after the CFPB rule they blamed for high APRs was killed By Hugh Son, CNBC and Gabrielle Fonrouge, CNBC • Published May 7, 2025 • Updated on May 7 ...

As of December 2024, Americans hold $1.21 trillion in credit card debt, an increase of $45 billion from September 2024, per New York Fed data. What's more, 7.18 percent of U.S. credit card debt is ...

With record rates and substantial late fees if they miss a payment, consumers are having a harder time paying off debt. Since 2021, the proportion of people with retail credit card debt that file ...

Since 2021, the proportion of people with retail credit card debt that file for bankruptcy has been rising at a faster rate than new filings overall, according to proprietary data and analytics ...