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Banks are keeping credit card rates high even after the CFPB rule they blamed for high APRs was killed
cnbc.com/2025/05/07/credit-card-aprs-banks-keep-high-rates-inspired-by-now-dead-cfpb-rule.html
Last year, banks quickly raised interest rates to record levels and added new monthly fees on credit cards when a Consumer Financial Protection Bureau rule threatened a key revenue source for the industry.
Now, they're far more reluctant to reverse those steps, even after bank trade…
This story appeared on cnbc.com, 2025-05-07 11:55:28.689000.