$120 Billion a Year in Interest and Fees

Photo by Kaysha on Unsplash

The Consumer Financial Protection Bureau (CFPB) has issued a report noting that Americans spend $120 billion per year on credit card interest and fees.

In a blog post highlighting key findings, the bureau notes:

At almost a trillion dollars outstanding, credit cards are the…

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Andy Spears

Andy Spears

Writer and policy advocate living in Nashville, TN —Public Policy Ph.D. — writes on education policy, consumer affairs, and more . . .