Interest Rate Roundup
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- 13.81% (all fixed)
- 14.52% (all variable)
Credit card rates remained unchanged again this week, according to Bankrate's latest survey of interest rates. The average annual percentage rate, or APR, for variable-rate credit cards stayed steady at 14.52 percent for the eighth straight week. The fixed APR was 13.81 percent, where it remained since the beginning of March.
The Consumer Financial Protection Bureau on Monday ordered Discover to refund $200 million to 3.5 million credit card holders for deceptively selling add-on products such as payment protection or credit monitoring. The government watchdog also levied a $14 million fine on the issuer. The agency levied a similar penalty on Capital One in July.
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