{
Bread Financial Holdings, Inc.

Companies

}
001122334455554433221100
001122334455554433221100

credit card rates remain high despite fed interest rate cuts

The Fed's interest rate cuts haven't led to lower credit card APRs, as issuers adjust rates in response to new CFPB rules limiting late fees. This shift may increase rates for new borrowers, while existing balances remain unaffected unless delinquent. With credit card debt reaching a record $1.17 trillion, experts advise consumers to avoid high-rate store cards and pay balances in full to maintain financial health.
CNBC
United States Dollar LendingTree, Inc. Bread Financial Holdings, Inc. Synchrony Financial Federal Reserve Bank of New York N.A. USA Greg Mcbride Matt Schulze Show more
Finance & Economy, News Article
16:48 09.12.2024
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