Credit cards are about to get more expensive
Americans will see changes from an eliminated CFPB rule soon.
Credit cards are the most popular payment method in the U.S., with convenience and reward points driving widespread use. However, they are also one of the most expensive ways to make a purchase, with most cards averaging a 22% interest rate.
Now, a U.S. district court has rolled back certain protections offered by the Consumer Financial Protection Bureau (CFPB).