May 2021 Original; “Based on the average interest rate charged on credit card balances of 15.9%, that pay-down of $157 billion in credit card balances that consumers somehow engineered represents $25 billion a year in lost interest income for the banks! That’s why banks are trying so hard to get consumers to borrow on their […]
The Credit Card Hustle by Billionaires, Banks & the Fed | Wolf Street
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