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Congress has passed a bill that would enact sweeping new restrictions on the credit card industry. The bill does away with arbitrary rate hikes and bans issuing cards to minors.

MARQUETTE, MI-- A Gwinn woman has been arrested for illegally using a credit card. Marquette Police say the card was stolen in early October and used at…

Marquette, MI - An Escanaba man has been arrested for unlawfully using his employer’s business credit cards. Marquette police Thursday arrested 28-year…

MARQUETTE, MI-- A Marquette teen has been arrested for breaking into a vehicle and stealing a debit card.The Marquette County Prosecutor’s Office…

Economists are saying that October's surprisingly strong job growth will encourage the Federal Reserve to hike interest rates next month. So holiday shoppers may pay more for using credit cards.

Mastercard and Visa collect billions of dollars in fees each year from the nation's retailers. Merchants have long complained about the way those fees are determined. A lawsuit accusing Mastercard and Visa of antitrust violations is expected to go to trial in Brooklyn soon.

Lawmakers on Capitol Hill have sent President Obama a bill that would rein in credit card fees and interest rates, while allowing gun owners to carry concealed weapons in national parks. The Senate passed the measure Tuesday. The House acted on Wednesday.

MasterCard International reported Friday that 40 million credit card numbers may have been stolen. Merchants bear the brunt of fraudulent transactions. Credit card companies charge the merchants for the stolen services or merchandise and for additional fees.

NPR's Mary Louise Kelly speaks with Ted Rossman, industry analyst at CreditCards.com, about whether Apple's new credit card is disrupting the industry.