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Biden administration warns consumers to avoid medical credit cards
Americans paid an estimated $1 billion in interest on medical debt in just three years, a federal agency finds. This includes use of credit cards often pitched in doctors' and dentists' offices.
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.
Listen
•
3:49
Strong Jobs Data Point To Pricier Credit Cards For Christmas
Economists are saying that October's surprisingly strong job growth will encourage the Federal Reserve to hike interest rates next month. So holiday shoppers may pay more for using credit cards.
Life and Debt: Why credit card debt is at a historic high
Why is credit card debt so high right now? How sustainable is this for the economy? And what can cardholders do to break this cycle of debt?
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•
46:32
Trump calls for a 10% cap on credit card interest rates
With credit card interest rates near modern highs, President Trump says he wants to cap the rates for one year.
Debunking 3 common myths about credit card debt
According to a recent Bankrate survey, 46% of respondents said they carry a credit card balance from month to month. NPR's Life Kit debunks some common myths and gives advice about credit card debt.
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•
3:44
Bank Of America Agrees To Refunds And Fines In Credit Card Case
Bank of America will pay nearly $800 million to settle accusations that it misled customers who bought extra credit card products. Regulators say nearly 3 million credit card holders were effected.
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•
1:27
FBI Op Targets Cyber Criminals Stealing Credit Cards
U.S. law enforcement officials say 24 suspected computer hackers have been arrested in a sting operation. The FBI set up a fake online forum for people interested in trading credit card numbers and other financial information.
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•
1:47
Neiman Marcus Credit Card Breach Heightens Consumer Concerns
Upscale department store Neiman Marcus is the latest retailer to disclose data security breaches. The disclosure comes just a day after Target issued another apology for a data breach that occurred during the holiday season. NPR's Rachel Martin speaks with Brian Krebs, who broke both stories on his blog, KrebsOnSecurity.
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•
3:06
Credit Card Debt Cut: The Reason May Surprise You
A new study showing that Americans lost nearly 40 percent of their wealth in the Great Recession turned up another notable result: Credit card debt also fell sharply; the median family's balance tumbled 16 percent. But it's not just because people rushed to pay off their plastic.
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