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Key insights from Bankrate's 2024 Emergency Savings Report. 36% of U.S. adults have more credit card debt than emergency savings. 36% of U.S. adults are prioritizing both debt repayment and ...
Credit card companies are hiking rates to record highs to pad their profits, according to a new Consumer Financial Protection Bureau report. ... 2024 at 2:26 PM.
A record $1.13 trillion in debt ended up on credit card balances during the fourth quarter of 2023, according to the latest report on household debt from the Federal Reserve Bank of New York ...
Consumer Reports (CR), formerly Consumers Union (CU), is an American nonprofit consumer organization dedicated to independent product testing, investigative journalism, consumer-oriented research, public education, and consumer advocacy.
Capping credit card rates. In 2024, Trump proposed capping credit card interest rates at 10 percent. While this move would make paying off credit card debt much easier, some economists believe ...
The Fair Credit and Charge Card Disclosure Act (abbreviated as the FCCCDA) is an American consumer protection law that requires credit card companies and loan agencies to disclose any "fine print" about a loan or line of credit to the consumer. [1] This includes information about variable interest rates and fees. The FCCCDA was passed in 1988.
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