This morning we've been looking at the impact of the largest antitrust class action settlement in U.S. history. The major credit card companies as well as the big banks have agreed to pay more than $7 billion to retailers for alleged collusion of credit card fees.
Visa, Mastercard, and some big banks agreed to pay $6.6 billion late Friday to end a fight over fees they charge retailers. And the settlement is likely to affect all of us.
Hi! I'm living in Europe for a year or so, but all my bank accounts are still in the U.S. I've been using my credit card for everything and paying off the balance monthly. Is this bad credit card behavior? Could I be hurting my credit score? Thanks! Alexa, Baltimore, MD
Almost everyone takes plastic these days, but it’s not like pot dealers take cards... or do they?
''m curious about safe ways to establish credit. I have ambitions to run my own cafe and coffee roastery one day. Having a good credit history is going to be key. But, I hate the idea of spending money that I don't have and keeping track of interest rates. Are there any cards or plans I should look into, with this in mind? Charlie, Philadelphia, PA
My husband and I have made pretty bad and spontaneous financial decisions that have brought us a lot of debt. Our plan for 2012 is to get out of debt and start saving more, since we depleted our savings in the past 2 years. I would like to know how to start getting rid of this debt in the smartest way and how to save significantly at the same time. Carla, Boston, MA