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7min chapter
Our trillion-dollar credit card bill
Today, Explained
The Rise of Credit Card Interest Rates
This chapter explores the historical evolution of credit card interest rates, tracing back to the 1978 Supreme Court ruling that deregulated rates, and highlighting the impact of social status associated with premium cards. It also addresses current trends in consumer debt, legislative efforts to regulate interest rates, and the implications of modern payment models like 'Buy Now Pay Later.'
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode