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…
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’…
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.
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New rules proposed by the Fed for debit card transactions may mean consumers end up paying more to use their cards, while big retailers save billions. The rules would sharply limit the transaction fees sellers pay, so banks cou…
MasterCard (MA) and Visa (V) may face a legal challenge to their decision to cut ties with WikiLeaks.
DataCell, a data-hosting company based in Iceland, says that the two companies’ refusal to process donations to WikiLeaks are costing it revenue. Dat…