Credit card debt mounts amid Democrats' push to cap interest rates
New data shows Americans’ credit card balances are mounting, as some Democratic lawmakers push for capping interest rates. Credit card balances increased by $22 billion in the third quarter, an increase of 1.7 percent relative to the second quarter, the Federal Reserve Bank of New York reported Tuesday. Credit card debt for this year topped...
We haven't written up this one. The Hill has the full story — the link below goes straight to it.
