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  • Tech Firms Chip Away At Credit Cards' Share Of Transactions
    Companies including PayPal and Apple are competing to convince merchants and consumers to use their swipe-and-go mobile payment systems. Credit card breaches may speed up the use of digital wallets.
  • Credit Card Companies May Not Target Minors
    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.
  • Whole Foods credit card system hacked
    Whole Foods has been in Western New York for only about two weeks, but now the major grocery chain is reporting it has been hacked. In a statement…
  • Credit Card Companies Accused of Antitrust Breach
    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.
  • Credit Card Overhaul Bill Sent To Obama
    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.
  • Merchants Often Foot Bill for Credit Card Fraud
    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.
  • US Senator Charles Schumer
    Schumer Blasts Retailers for High Credit Card Rates
    By Mark ScottBuffalo, NY – US Senator Charles Schumer released a study Monday that shows credit cards issued by Buffalo-area stores carry a higher…
  • Why Apple Is Entering The Crowded Credit Card Field
    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.
  • Schumer Seeks Parental Consent for Student Credit Cards
    By Associated PressNew York City, NY – US Senator Charles Schumer says college students under 21 should be required to get parental consent to get credit…
  • Shoppers pay for purchases at a Kmart in Norridge, Ill., Dec. 19.
    Consumers Face Higher Credit Card Payments in 2006
    Banks are raising their minimum monthly payments in January, a change intended to protect consumers from piling up credit card debts that can last for decades. But the higher minimums, along with interest rates that can be raised for late payments, mean consumers could be facing bigger credit card bills next year.
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