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$6B Deal Eases Credit Card Surcharge Restrictions
Credit card companies Visa and MasterCard along with major banks have agreed to pay several billion dollars to settle a lawsuit brought by retailers. The deal is one of the largest anti-trust settlements in history. The retailers claimed that Visa, MasterCard and the banks conspired to fix the fees that stores pay to accept credit and debit cards. NPR's Wendy Kaufman reports.
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3:22
Credit Card Companies Settle Swipe Fee Suit For $6B
Visa, MasterCard and some of the largest banks in the country have agreed to pay more than $6 billion to settle a lawsuit that claimed they conspired to fix credit card payment fees. The suit was brought on behalf of seven million merchants. The agreement could have wide-ranging implications for retailers and consumers. Steve Henn talks to Melissa Block.
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3:02
More Americans are falling behind on credit card bills
Credit card delinquencies rose in the first three months of the year. That's a sign of the growing financial stress that some families are feeling in an era of rising prices and high interest rates.
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3:55
Credit Card Thieves Caught
Marquette – Two Marquette men have been arrested for stealing a credit card. Chocolay Township Police say the men took a purse that was left in a grocery…
Watchdog: Consumers 'More Responsible' With Credit Card Debt
Before the Great Recession, many Americans piled up too much credit card debt. Now, they seem to be a little wiser about using plastic, says the head of the Consumer Financial Protection Bureau.
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3:52
Obama Pushes For Credit Card Legislation
At a town hall meeting in New Mexico Thursday, President Obama touted legislation designed to protect consumers from fluctuating credit card rules. He also urged Congress to act quickly on legislation to end credit card practices deemed abusive.
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3:39
Two arrested for stealing credit card
By Nicole WaltonMARQUETTE, MI – Two people have been arrested for stealing a credit card and using it at Marquette area stores. Marquette Police say 30…
5 smart habits to keep you out of credit card debt
Stay on top of your monthly payments and avoid costly fees and interest charges with these smart credit card strategies.
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18:43
Man arrested for credit card fraud
MARQUETTE, MI-- A Gladstone man has been arrested for stealing and using another person’s credit card. Marquette City Police launched an investigation…
The dirty secret to credit card rewards
Credit card perks are being subsidized by people who have less, argues Chenzi Xu, a finance professor at the Stanford Graduate School of Business.
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