Lawmakers take aim at credit card interest rates, fees as cardholder debt tops $1 trillion
Collection Industry News
OCTOBER 17, 2023
Credit cards are the “most prevalent form of household debt,” and their use continues to spread, according to the Federal Reserve Bank of New York. There are 70 million more credit card accounts open now than in 2019, it said. Federally chartered credit unions have an 18% limit. For example, Sen.
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