Press Releases

Report Confirms Credit Card Issuer Price-Gouging Over Last Decade

Economic Security and Corporate Power
February 22, 2024

The Consumer Financial Protection Bureau (CFPB) released a damning new analysis today, finding that over the over the last decade major credit card companies dramatically hiked their APR margins (the difference between the average APR and the prime rate) to an all-time high in order to pad industry profits.

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