Dozens of retailers jacked up interest rates on store cards

'Padding the profit margin': Why are interest rates still rising on store credit cards?
The Federal Reserve hasn’t raised interest rates since the summer of 2023. But America’s retailers apparently didn’t get the memo. The average interest rate on store credit cards reached 30.45% this year, an all-time high, according to the personal ...
If the Fed is cutting interest rates, why are mortgages and business loans costing more?
The central bank’s target rates and its much-publicized recent rate cuts don’t directly set long-term mortgage and business loan rates. It’s not unheard
Dozens of retailers jacked up interest rates on store cards ahead of Fed cuts
Dozens of the largest U.S. retailers and their bank partners jacked up interest rates on their store-branded cards to record highs in the months before the Federal Reserve began cutting rates, as the companies looked to pad profits during a stretch of sluggish sales.
Macy's, T.J. Maxx, and dozens more hiked store credit card rates just before Fed cuts
To shore up their profit margins, at least 50 major U.S. retailers, including Macy’s and T.J. Maxx owner TJX (TJX), hiked interest rates on their store credit cards ahead of the Federal Reserve’s anticipated rate cuts,
178 cases of credit card fraud at retail stores since Oct 1
At least 178 cases of credit card fraud at retail stores have been reported to the police since Oct 1. Earlier this month, five people linked to such cases were arrested. Another four suspects were arrested in recent weeks.
Interest Rates Recently Did Something They Haven't Done Since March 2020, and It Could Trigger a Big Move in the Stock Market
Interest Rates Recently Did Something They Haven't Done Since March 2020, and It Could Trigger a Big Move in the Stock Market ...
What will mortgage interest rates be in 2025? Experts weigh in
What will mortgage interest rates be in 2025? Mortgage rates are "incredibly difficult to predict," says Charles Goodwin, ...
Today’s 15-year mortgage interest rates drop to 6.13%, while 30-year terms fall to 6.88%
Thinking about taking out a mortgage loan? Current mortgage rates drop to 6.88% for 30-year terms, while 15-year terms fall ...
The Economist3d
Interest rates will come down sharply in 2025
The global economy has had a series of shocks, including the pandemic, an inflation spike and the invasion of Ukraine. As the ...
Inflation Won’t Hit the Fed’s Target in 2025. Interest Rates Will Drop Anyway.
Inflation—the Fed’s primary bugbear for most of the past four years—has come a long way. The year-over-year increase in the ...
How far have mortgage interest rates fallen in 2024?
See what mortgage interest rate you could qualify for here now.
Today's Mortgage Rates | Rates Hold Steady as Markets Wait for More Data
These are today's mortgage and refinance rates. Strong economic data has kept mortgage rates elevated, and they might only ...
CD Rates Mostly Held Firm This Week—But the Top Nationwide Offer Is Expected to End Soon
The best CD rates held their ground in all but one term this past week, meaning you can still snag a rate up to 5.50%. But ...
What To Expect From The Fed On Interest Rates In 2025
Most expect the Federal Open Market Committee to cut interest rates in 2025. The question of how much will be informed by ...
4 risks of waiting for home equity loan interest rates to fall further
Home equity loan interest rates are falling, but is it worth waiting for them to drop further? Here's what to know.
New York Republican proposes to slash student loan interest rates
N.Y., has introduced legislation that would slash student loan interest rates to one percent and permit federal borrowers to ...