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Tag Archives: credit card

Lawyers wary of charging ‘swipe fees’

In the wake of a proposed settlement between credit card-issuers Visa and MasterCard and merchants that would allow vendors to pass along “swipe fees” to their customers, lawyers who accept credit card payments are grappling with the issue of whether such up-charges are a good practice.

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Capital One to pay $210M over marketing tactics

WASHINGTON — The Obama administration’s consumer watchdog agency flexed its enforcement muscles for the first time Wednesday and ordered Capital One Bank to repay millions of credit card customers allegedly tricked into buying costly add-on services. Capital One will pay ...

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Consumer agency softens credit card fee limit

WASHINGTON — The Obama administration’s consumer financial watchdog agency is backing off a plan to limit big upfront fees on credit cards. The Consumer Financial Protection Bureau acknowledged Thursday that its proposal would increase costs for cardholders and allow banks ...

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Verizon Wireless to charge $2 for one-time payment

NEW YORK — Verizon Wireless, the country’s largest cellphone company, said Thursday that it will start charging $2 for every payment subscribers make over the phone or online with their credit cards. The company said this “convenience fee” will be introduced ...

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2012 mortgage delinquencies seen dropping sharply

NEW YORK  — If the U.S. economy does not suffer more setbacks, the rate of mortgage holders behind on their payments should decline significantly by the end of next year, according to credit reporting agency TransUnion. Mortgage delinquency rates — ...

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