The Fed Just Raised Rates. Here’s the One Thing Your Card Company Doesn’t Have to Tell You
The Fed hiked rates a quarter point on Sept. 16, 2026. Here’s how it resets your variable credit card APR, and why your issuer doesn’t have to warn you first.
consumer credit
10% Credit Card Interest Rate Cap: Why the Math Shows You Will Lose Your Card
A 10% federal credit card rate cap sounds like relief for people in debt. But research projects up to 159 million Americans could lose card access entirely — and be pushed toward payday loans instead.
63% of Americans Want Lower Credit Card Rates Over Rewards — Here’s Why They’re Right
A Groundwork Collaborative poll finds 63% of Americans prefer a 10% credit card interest rate cap over keeping rewards programs. With 49% of cardholders carrying balances monthly, the math shows why they’re making the right call.
Debt Help Complaints: What the Records Show
Quick Answer: A Federal Reserve Bank of Philadelphia study reveals that consumers struggle with debt relief due to inexperience evaluating provider expertise and vulnerable practices by opportunistic firms. The debt relief industry faces significant regulatory changes under Dodd-Frank, particularly affecting settlement companies that previously collected most fees before making settlement offers.The Federal Reserve Bank of …
Getting Out of Debt: What It Means and What to Do
Quick Answer: Getting out of debt requires a multi-step approach: reduce expenses, increase income, save emergency cash before aggressive debt payments, and consider debt management companies or bankruptcy as last resorts. The strategy should focus on either highest interest rate debts or smallest balances for maximum emotional satisfaction.“Dear Steve,I’m in debt really heavy from credit …
