Business
November 22, 2024
1 views 12 mins 0

Dozens of retailers jacked up interest rates on store cards ahead of Fed cuts

Tommy | Digitalvision Vectors | Getty Images 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. At least 50 companies […]