Banks are keeping credit card rates high even after the CFPB rule they blamed for high APRs was killed
1. Banks maintain high credit card rates despite losing CFPB rule. 2. Synchrony and Bread Financial show strong earnings, not rolling back rate hikes. 3. Retail card interest rates average 30.5%, affecting consumers significantly. 4. Over 160 million retail card accounts exist, primarily supporting retailers' profits. 5. High-interest retail cards target subprime borrowers, causing financial strain.