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New report shows credit card companies charged users $130 billion last year

Air Date:
Heard On The Morning Show
Credit cards are displayed on July 1, 2021, in Orlando, Fla. The jump in bond yields is raising the costs of consumer and business borrowing, including mortgages, auto loans and credit card debt, and could worsen the federal government's finances.
Credit cards are displayed on July 1, 2021, in Orlando, Fla. John Raoux/AP Photo

Credit card issuers charged more than $130 billion in interest and fees last year, according to a new report from the Consumer Financial Protection Bureau. A researcher explains newer trends in credit cards. Later, a senior writer for NerdWallet gives advice on how to best use credit cards.

Episode Credits

  • Kate Archer Kent Host
  • Trevor Hook Producer
  • Tyler Ditter Technical Director
  • Margaret Siekel Guest
  • Sara Rathner Guest

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