Credit Card Debt Mounts Amid Democrats' Push to Cap Interest Rates

Credit card debt mounts amid Democrats' push to cap interest rates

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...

Americans' credit card debts have reached a record of $1.9 trillion, increasing by $22 billion over the past three months

Americans' credit card debts have reached a record of $1.9 trillion, increasing by $22 billion over the past three months. This was reported by the Axios portal with reference to the data from the report of the Federal Reserve Bank...

Credit card debt hits record high as Americans struggle with cost-of-living

The divide between rich and poor neighborhoods is growing.

Credit Card Debt Hits a Record High

Americans are leaning harder than ever on plastic, and the tab just hit a new high. A New York Fed report finds that credit card balances jumped a collective $22 billion in the third quarter, reaching a record $1.29 trillion—up 4.2% from a year earlier, reports CNBC...

Credit card debt climbs to a record $1.29 trillion, New York Fed research finds

As high prices continue to strain household budgets, many consumers have turned to credit cards to help make ends meet.

US card debt hits $1.29 trillion as Bitcoin loans expose a collateral divide

Coinbase advertises borrowing from 5.1%, but modeled savings depend on fees and a Bitcoin pledge exposed to liquidation. Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox