NEW YORK - For Citibank credit card holders, there is one way to escape the bank's rate hikes currently under way: Meet a monthly spending requirement.
The percentage of consumers who will pay for holiday gifts with cash or debit cards instead of credit cards is expected to rise this year, a trend that could further depress holiday sales.
WASHINGTON - Banks will have to secure their customers' consent before charging large overdraft fees on ATM and debit card transactions, according to a new rule announced Thursday by the Federal Reserve.
WASHINGTON - Consumer advocates on Tuesday urged Congress to move forward on legislation to curb bank practices under which a cup of coffee bought with an overextended debit card can turn into a $40 expense.
Nov. 8--Credit cards are undergoing the most sweeping changes in decades, brought on by both the poor economy and a wave of consumer-centric legislation.