Wells Fargo is rolling out a trial monthly fee for debit card purchases. The pilot program comes in response to legislation which limited the amount banks could charge merchants per transaction.
Now that banks have to reduce the fee they receive from merchants when you use a debit card, they're considering charging you a monthly fee for using one
The number of payments on credit cards 90-days or more past due slipped to just 0.6 percent in the second quarter. Marketplace Senior Business Correspondent Bob Moon reports that may be because Americans are cutting back on spending and banks are making it harder to get credit.
The number of dollar bills rolling off the printing presses at the U.S. Treasury Department hit a modern low last year, thanks in large part to the increased use of credit cards. Binyamin Applebaum, reporter for the New York Times, explains.
Credit cards and banks know a lot about what you purchase, and they're offering that information to merchants so they can target ads tailored to you. Reporter Stacey Vanek-Smith discusses how it all works.