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Credit card debt mounts amid Democrats' push to cap interest rates

Keisha Patel
Sports Reporter · Thursday, November 12, 2026 at 12:39 AM · 1 min read
Credit card debt mounts amid Democrats' push to cap interest rates — Elgin Community news

Credit card debt for this year topped $1.28 trillion, as credit card balances in the third quarter were $52 billion greater than they were in the third quarter of 2025, according to the New York Fed.

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