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U.K. Bans Credit Card Surcharges, Calling Them A 'Rip-Off'
In the U.S., at least 11 states forbid retailers from adding surcharges to credit card transactions. Several also allow discounts for customers paying via cash rather than plastic.
Hackers Stole 40 Million Credit, Debit Card Numbers From Target
Right in the middle of holiday shopping season, some 40 million credit and debit card numbers were stolen in a major breach of Target customer data. The thefts occurred in stores, not online. Target says it's working with a forensics company to investigate and prevent similar data thefts from occurring in the future. Security experts say one way to limit them is to switch from magnetic stripes on cards to embedded chips.
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•
3:48
Consumers May Start Seeing More Secure 'Chip' Credit Cards In 2014
Northwest banks say 2014 may be the year consumers start to see a new generation of credit cards that are less prone to fraud.
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•
1:32
Americans are piling up credit card debt — and it could prove very costly
More Americans are leaning on their credit cards to cope with rising prices. And as interest rates continue to climb, that debt is getting more and more expensive.
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•
3:52
Outdated Magnetic Strips: How U.S. Credit Card Security Lags
Thieves responsible for Target's massive data breach may have stolen information stored on magnetic strips on credit cards. Canada, the U.K. and other countries have been using more secure cards with microchips for years.
Some credit card companies may be devaluing rewards illegally, CFPB says
The Consumer Financial Protection Bureau said some credit card companies may be devaluing points and airline miles illegally. NPR's Sarah McCammon talks to Nick Ewen of The Points Guy.
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3:24
Kmart Says Its Store Registers Were Hacked, Exposing Credit Cards
The Sears-owned company says it removed the malware after it was discovered Thursday. It announced the exposure late Friday, saying no personal data or PIN numbers were lost.
New Rule Opens Credit Card Companies, Banks To Class-Action Suits
The Consumer Financial Protection Bureau said the new regulation, set to take effect in 60 days, would prevent financial institutions from requiring that disputes be settled by arbitration.
Top Stories: Tracking Hurricane Maria; The Reach Of Credit Bureaus
Also: The man Oklahoma City police shot and killed was deaf; earthquake rescue efforts in Mexico; and for some reason, a Singaporean baggage handler decided to swap people's luggage tags.
Polite Reception For Obama College Cost Plan Belies Hurdles
President Obama's big idea of linking federal financial aid to a new college ratings system — based on metrics like student debt levels — would require congressional action. That means it would have to make it through the GOP-led House, where Obama's initiatives don't have a great track record.
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