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Credit card debt hits record high

Americans' credit card debt reaches new record high: New York Federal Reserve

Americans' household debt is at a new all-time high $18.04 trillion, according to a report released Thursday by the Federal Reserve Bank of New York.

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Credit card debt hit a record $1.21 trillion — here's why ‘no one should be surprised,' expert says

Credit card balances rose in the fourth quarter of 2024, the New York Fed found. Consumer spending continues to remain strong, despite high borrowing costs.

Credit card debt at record high

Americans’ total credit card balance hit a new all-time high of over $1.2 trillion, according to a new report from the federal Reserve Bank of New York.

NBC Washington9d

A new bill would cap credit card interest rates at 10%. Here's what that could mean for your money

Capping credit card interest rates could limit borrowers' access to credit. Despite the Federal Reserve's recent cuts ...

Bipartisan bill would cap credit card interest rates at 10%

WASHINGTON (NEXSTAR ... card interest rate is as high as 28.6% and Americans owe a record $1.17 trillion on their ...

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