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 Federal Reserve hasn’t raised interest rates since the summer of 2023. But America’s retailers apparently didn’t get the memo.

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

"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.

Rocket Companies and Mesa have both launched credit cards geared that offer homeowners perks and points for paying their ...

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 ...

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 ...