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Record-high credit card interest rates cost consumers $25 billion in 2023: Report

The average annual percentage rate (APR) on credit cards nearly doubled to 22.8 percent in 2023 from 12.9 percent in 2013, costing consumers around $25 billion in interest fees last year, according to an analysis by the Consumer Financial Protection Bureau (CFPB). The average APR hit the highest level on record at the end of…
New York United States Richard Fairbank Senate Banking Committee Consumer Financial Protection Bureau Consumer Bankers Association
Source: yahoo.com

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Elon Musk and Amazon Team Up to Try to Demolish Workers' Rights

Elon Musk is not a fan of unions. Nor are Amazon, Starbucks, or, apparently, Trader Joe’s. Those four companies opened the new year by mounting a legal campaign to destroy the federal agency charged with protecting workers from unfair anti-unionization efforts and maintaining labor peace. If they succeed, they could radically tip the scales in favor of corporations and away from the workers who hope to organize their workplaces.SpaceX, the rocket company founded by Musk, asked a federal j...
New York United States Rolando Olvera Elon Musk Justice John Roberts Howard Schultz
Source: yahoo.com

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