Major credit card companies — Visa and Mastercard — as well as big banks have agreed to pay more than $7 billion to retailers to compensate for alleged price fixing of credit card fees. Some retailers think the settlement does not go far enough to protect retailers and consumers.
The bank is reportedly currently testing different fee models — including monthly charges of anywhere from $6 to $25. This comes after a pushback last year against a $5 monthly debit card fee.
After refinancing my house with a low-rate, conventional 15-year mortgage, I received an offer to set up bi-weekly or weekly payments. What are the benefits and pitfalls of such a plan? Ron, Richmond Hill, GA