The Federal Reserve is preparing to issue its final rule on debit card "swipe fees" Wednesday. If the expected cut to those fees arrives, banks are likely to respond by cutting interest rates on high-yield checking accounts and squeezing profits from other banking products. DailyFinance explains what it all means to you.
Think before you swipe. Fees at some ATMs are hitting $5 as banks seek to re-coup lost revenue over debit cards and overdraft charges due to federal regulatory changes.
Prepaid credit cards are marketed as a great tool for training teens about credit. But critics point to a long list of steep fees and penalties. That leaves parents to figure out if the credit lessons are worth the money. Here's what to consider before buying that card.