The legislation would dramatically lower card rates, which average 21.5%. Even so, industry experts say, the legislation could both help and hinder consumers. The bill’s sponsors ...

The Fed has indicated that interest rates aren't coming down just yet. Here's how to make the most of where we stand.

The average interest rate on store credit cards reached 30.45% this year, an all-time high, according to the personal finance site Bankrate. Another industry survey, from WalletHub ...

"Credit card rates are high, and they're staying high," Ted Rossman, a senior industry analyst at Bankrate, told ABC News. To set credit card interest rates, the industry relies on what's called a ...

Retail cards hit a record high average interest rate of 30.5% last year, and rates have stayed close to those levels this year.

Sky-high credit card interest rates are making it hard for many Americans to pay off their growing debt piles.

Yet both have advocated for a 10 percent cap on credit card interest rates. This would be devastating to the credit card industry. The current average Annual Percentage Rate (APR) paid is 19 percent, ...

Credit card interest rates have never dipped to 10% in the Fed ... “That would destroy the industry and millions of Americans would lose their credit cards,” he added.

COLUMBUS, Ohio — Macy’s has joined a growing list of retailers that have store credit cards with interest rates over 30%. Macy’s sent letters to its card users in April announcing the annual ...

These interest rate cuts follow an industry trend of falling interest rates. Apple introduced the Apple Card Savings Account in April 2023 with a 4.15% APY. The account received a number of ...

While this is down from its highest point at 4.5% APY, Apple’s rate still holds quite strong to the rest of the banking industry. Apple begun offering the Apple Card Savings Account in April ...