What will next Fed rate cut mean for mortgages, credit cards and car loans?

While a Fed rate cut is big news, consumers might only be expected to see slight relief when it comes to much borrowing.

Class Action Accuses Major Banks of 'Prime Rate Price-Fixing'

"For years up to this day, the nation’s largest banks appear to have fixed their prime rates," Patrick McGahan of Scott + ...
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U.S. banks slash prime rate to 7.25% following Fed meeting

Big U.S. banks have lowered their prime lending rate to 7.25%, down from 7.50%, after the Federal Reserve announced a 25 basis point rate cut on Wednesday, the first adjustment since December. The ...

Borrowers sue major US banks over alleged prime rate-fixing scheme

JPMorgan Chase , Bank of America , Wells Fargo and other major banks are facing a new lawsuit alleging they conspired to fix ...

Think a Fed Rate Cut Will Lower Your Credit Card APR? Not So Fast

Rates for certain financial products may change fairly quickly in response to a Fed rate cut, but credit card APRs aren’t ...
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Huntington Bancshares Incorporated Decreases Its Prime Rate To 7.25 Percent

COLUMBUS, Ohio, Sept. 17, 2025 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) announced that its prime rate is decreasing from 7.5 percent to 7.25 percent, effective September 18, ...