The share of consumers with "subprime" credit scores who hold a credit card has been "relatively stable," they said.
Major credit card issuers got $25 billion in extra interest by raising their average APR margin over the last 10 years, the CFPB estimated.
"Higher APR margins have allowed credit card companies to generate returns that are significantly higher than other bank activities."
They're among the nation's biggest credit card issuers.
How to manage credit card interest
Persons:
Martinez, Seikel, Lindsey Johnson, Greg McBride, McBride, That's
Organizations:
Bank, Getty, Consumer Bankers Association, CBA, Federal Reserve Bank of New, Financial, Discover Financial
Locations:
Federal Reserve Bank of New York