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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
Top Stories: Trayvon Martin Case; Mega Millions Mystery; Credit Cards At Risk
Also: At least 31 dead in Siberian plane crash; Suu Kyi's party celebrates elections win in Myanmar; Kansas, Kentucky square off tonight in men's basketball final.
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
Biden administration warns consumers to avoid medical credit cards
Americans paid an estimated $1 billion in interest on medical debt in just three years, a federal agency finds. This includes use of credit cards often pitched in doctors' and dentists' offices.
No More Swiping: New Credit Cards Designed To Reduce Theft
Thursday is the beginning of the end for magnetic-stripe credit cards. With the change, banks say stores will have to pay for fraudulent purchases. The shift may be hard for some small retailers.
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3:23
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
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
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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4:26
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