Episode Details
Back to EpisodesWhy It Keeps Getting More Expensive to Carry a Credit-Card Balance
Episode 1952
Published 1 year, 11 months ago
Description
The average credit-card interest rate was 21.5% in May, hovering around its highest level in Federal Reserve data going back to 1994. Wall Street Journal reporter Angel Au-Yeung joins host J.R. Whalen to also discuss why the rates remain so high and the status of a proposed $8 cap on credit-card late fees.
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