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Credit card debt mounts amid Democrats’ push to cap interest rates
The Hill ·
New data shows Americans’ credit card balances are mounting, as some Democratic lawmakers push for capping interest rates. Credit card balances increased by $22 billion in the third quarter, an increase of 1.7 percent relative to the second quarter, the Federal Reserve Bank of New York reported Tuesday. Credit card debt for this year topped…
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- Yahoo FinanceCredit card debt mounts amid Democrats’ push to cap interest rates
- The HillCredit card debt mounts amid Democrats’ push to cap interest ratesNew data shows Americans’ credit card balances are mounting, as some Democratic lawmakers push for capping interest rates. Credit card balances increased by $22 billion in the third quarter, an increase of 1.7 percent relative to the second quarter, the Federal Reserve Bank of New York reported Tuesday. Credit card debt for this year topped…