Could debit cards be the next cash cow for banks? If banks have their way, they will. Americans have conducted more transactions and spent more money...
Melissa Plaut | Posted 11.17.2009 | New York
When you swipe your card, the driver has to pay a hefty 5% extra. Why are New York's cabbies paying so much? Because of all the middlemen. A few people are making truckloads of money on drivers' backs.
AP | ANNE FLAHERTY | Posted 10.26.2009 | Business
WASHINGTON — Senate Banking Committee Chairman Chris Dodd, who is fighting for his political survival, proposed Monday an immediate interest rat...
usatoday.com | Sandra Block | Posted 10.20.2009 | Business
Starting next year, Bank of America will charge a small number of customers an annual fee, ranging from $29 to $99. The bank has characterized the fee...
NBC San Diego | Bob Hansen | Posted 10.15.2009 | Business
Gordon Hageman couldn't believe the credit card offer he got in the mail. "My first thought, it was a mistake," Hageman said. The wine distribut...
Don McNay | Posted 09.24.2009 | Business
When three people who know about money go to the extreme of not owning any credit cards, others might want to take note.
suntimes.com | By TERRY SAVAGE | Posted 09.17.2009 | Business
Being in debt is about to get a lot more expensive for millions of Americans. Credit card issuers have been rushing to raise rates in advance of this ...
AP | EILEEN AJ CONNELLY | Posted 09.12.2009 | Business
NEW YORK — American Express and Discover customers will soon be free of fees for charging over their credit limits. The two companies said sepa...
Chris Weigant | Posted 09.06.2009 | Politics
Our look back at Obama's second 100 days will begin with a short overview, and then move on to the categories: "the best of times," "the worst of times," and "the age of (media) foolishness."
Logan Nakyanzi Pollard | Posted 08.31.2009 | Politics
In Glenn Beck's mind it doesn't add up. How can it be that people who are treated badly are not filled with hate?
minyanville.com | Scott Reeves | Posted 08.07.2009 | Business
It's difficult to rent a car or buy a plane ticket without a major credit card like Visa (V), MasterCard (MA), or American Express (AXP)....
Stephen Viscusi | Posted 07.18.2009 | Business
Whether we are downsized or right-sized, unemployment in 2009 is not associated only with mid-level and lower-level jobs. It's an egalitarian phenomen...
AP | Posted 07.15.2009 | Business
Every time you swipe your credit card and wait for the transaction to be approved, sensitive data including your name and account number are ferried f...
Scott Blakeman | Posted 06.20.2009 | Politics
President Obama and Congressional Democrats refused to fight Republicans and the NRA on a despicably unrelated amendment to the credit card reform bil...
New York Times | Ron Lieber | Posted 06.19.2009 | Business
At first glance, the sweeping credit card legislation that passed the Senate on Tuesday looks like a huge victory for consumers. The bill (and similar...
AP | ANNE FLAHERTY | Posted 06.19.2009 | Politics
WASHINGTON — The Senate voted overwhelmingly on Tuesday to rein in credit card rate increases and excessive fees, hoping to give voters some bre...
New York Times | ANDREW MARTIN | Posted 06.18.2009 | Business
Credit cards have long been a very good deal for people who pay their bills on time and in full. Even as card companies imposed punitive fees and pena...
New York Times | Carl Hulse | Posted 06.13.2009 | Politics
Despite complaints that banks and credit card companies are gouging customers by charging outrageous interest rates, the Senate on Wednesday easily tu...
HuffingtonPost.com | Jason Linkins | Posted 06.12.2009 | Comedy
Colbert makes macabre fun of the credit card industry, our willingness to spend our way into trouble, the industry's monkey spun rule-randomizing wheel, and the terrifying fine print of their user agreements.
New York Times | ERIC DASH and ANDREW MARTIN | Posted 06.10.2009 | Business
It used to be easy to guess how many Americans would have problems paying their credit card bills. Banks just looked at unemployment: Fewer jobs meant...
AP/HUFFPOST | Posted 06.09.2009 | Politics
AP: WASHINGTON — Putting himself on the side of fuming consumers, President Barack Obama is pushing Congress to send him legislation by Memorial...
HuffingtonPost.com | Arthur Delaney | Posted 06.05.2009 | Politics
Sen. Chuck Schumer (D-N.Y.) scolded Federal Reserve chairman Ben Bernanke on Tuesday over the Fed's reluctance to speed up the implementation of consu...
AP | MARCY GORDON | Posted 05.31.2009 | Business
WASHINGTON — Riding a crest of populist anger, the House on Thursday approved a bill to restrict credit card practices and eliminate sudden incr...
AP | BEN FELLER | Posted 05.24.2009 | Politics
WASHINGTON — President Barack Obama said Thursday he is determined to get a credit-card law that eliminates the tricky fine print, sudden rate i...
Stuart Whatley | Posted 05.22.2009 | Politics
In the current system, credit card companies do not provide an essential service anymore; it's more a societal stranglehold -- a gun to the head of the middle class.
CNN Money | David Ellis | Posted 11.24.2009 | Business