During the battle over Credit CARD Act, much talk focused on what the legislation would -- and wouldn't -- do. A year after the law rolled out, what's the word now? Here's an on-the-ground look at how card issuers and consumers are adapting to the new landscape.
Credit card companies are seeking to delay enforcement of lower limits on so-called "swipe fees." If successful, the postponement will cost customers and retailers more than $1 billion a month.
The consumer advocates at the Center for Responsible Lending have released a checklist of tough questions people should ask their banks to make sure their needs are being met -- and and to ensure they aren't paying unnecessary fees.
The Justice Department filed an antitrust lawsuit against American Express Monday, alleging that the financial institution has been engaging in anticompetitive practices. Justice also said it reached a proposed settlement with Visa and MasterCard over similar charges.
With new laws clamping down on some credit card and account fees, banks are likely to find other ways to offset the lost income. Among the possibilities: Hefty increases in annual credit card fees or an end to free checking.
Most Americans will have pretty tight travel budgets this summer. Here's how to save more of your dollars for fun -- and fork out less on unwanted credit card fees.
A new report by the Center for Responsible Lending shows that issuers have created or expanded at least eight hidden charges to replace the income they anticipate losing because of newly enacted laws and Federal Reserve rules intended to stop credit card abuses.