{"id":404,"date":"2024-02-22T11:12:26","date_gmt":"2024-02-22T11:12:26","guid":{"rendered":"https:\/\/theforexgem.com\/?p=404"},"modified":"2024-02-22T11:12:27","modified_gmt":"2024-02-22T11:12:27","slug":"credit-card-interest-rate-margins-cost-consumers-extra-25-billion-cfpb-says","status":"publish","type":"post","link":"https:\/\/theforexgem.com\/index.php\/2024\/02\/22\/credit-card-interest-rate-margins-cost-consumers-extra-25-billion-cfpb-says\/","title":{"rendered":"Credit card interest rate margins cost consumers extra $25 billion, CFPB says"},"content":{"rendered":"\n<p>The Consumer Financial Protection Bureau (CFPB) said on Thursday credit card annual percentage rate (APR) margin cost was at an all-time high, about $25 billion extra each year.<\/p>\n\n\n\n<p>The consumer watchdog said it had found consumer credit card market was controlled by a few players and evidence of practices inhibiting customers&#8217; ability to find alternatives to expensive credit card products.<\/p>\n\n\n\n<p>Major credit issuers raised the average APR margin by 4.3 percentage points over the last 10 years, increasing costs for consumers by billions of dollars a year, CFPB said.<\/p>\n\n\n\n<p>APR represents the annual cost of money borrowed expressed as a percentage. For credit cards, APR is typically just interest.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Consumer Financial Protection Bureau (CFPB) said on Thursday credit card annual percentage rate (APR) margin cost was at an all-time high, about $25 billion extra each year. The consumer watchdog said it had found consumer credit card market was controlled by a few players and evidence of practices inhibiting customers&#8217; ability to find alternatives [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":405,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-404","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Credit card interest rate margins cost consumers extra $25 billion, CFPB says - TheForexgem<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/theforexgem.com\/index.php\/2024\/02\/22\/credit-card-interest-rate-margins-cost-consumers-extra-25-billion-cfpb-says\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Credit card interest rate margins cost consumers extra $25 billion, CFPB says - TheForexgem\" \/>\n<meta property=\"og:description\" content=\"The Consumer Financial Protection Bureau (CFPB) said on Thursday credit card annual percentage rate (APR) margin cost was at an all-time high, about $25 billion extra each year. 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