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Consumer Financial Protection Bureau
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Americans pay $120 billion in credit card interest and fees each year | Consumer Financial Protection Bureau
https://www.consumerfinance.gov/about-us/blog/americans-pay-120-billion-in-credit-card-interest-and-fees-each-year/
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From 2018 to 2020, the CFPB estimates that Americans paid roughly $120 billion per year in credit card interest and fees. That works out to about $1,000 per year for every American household.
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