Credit card lenders add a margin to the prime rate to arrive at your card’s variable APR. The prime rate impacts the cost of credit on consumer loans, including credit card accounts, with the rates on ...

Discover how reference rates like the SOFR and prime rate serve as benchmarks for setting interest rates, and explore their impact on mortgages and financial contracts.

JPMorgan Chase Bank N.A. The proposed class action, opens new tab, filed on Thursday in federal court in Connecticut, claims that eight large banks have coordinated since at least 1994 to set their ...

Learn how the current index value impacts variable-rate loans, affecting interest rates with indexed rates and margins. Essential for market-related financial decisions.