Complete coverage on

Credit Card Fees and Penalties

Latest Stories

CNNMoney: Credit unions hit a record number of membersupdated: Thu Mar 01 2012 12:26:00

Credit unions hit a record number of members last year, as a growing number of consumers grew fed up with the fees at the nation's biggest banks and took their money elsewhere.

CNNMoney: Consumer bureau targets overdraft feesupdated: Wed Feb 22 2012 15:31:00

The new consumer bureau said Wednesday that it plans to target a kind of bank fee that makes customers see red: Overdraft protection penalty fees on checking accounts.

CNNMoney: First Premier's $400-a-year credit cardupdated: Sat Feb 11 2012 09:37:00

Would you pay $400 a year to own a credit card?

CNNMoney: Suze Orman launches prepaid cardupdated: Mon Jan 09 2012 15:21:00

CNBC's outspoken financial adviser, Suze Orman, has a new piece of advice for her viewers: Go pick up her new, self-branded prepaid card.

CNNMoney: Verizon to charge $2 fee for online paymentsupdated: Thu Dec 29 2011 19:56:00

Verizon Wireless will soon make some customers pay for the privilege of paying their bills.

CNNMoney: No more debit card fees. What will the banks try next?updated: Wed Nov 02 2011 19:42:00

Just because debit-card fees are out of the picture for now, don't stop checking your bank statements.

CNNMoney: Bank of America axes $5 debit card feeupdated: Tue Nov 01 2011 15:08:00

Bank of America said Tuesday it's axing its plan to charge a $5 fee for customers who use their debit cards to make purchases.

CNNMoney: SunTrust, Regions latest banks to retreat on debit feesupdated: Mon Oct 31 2011 18:25:00

The big banks' race to backpedal on controversial debit card fees has picked up speed.

CNNMoney: Debit card fees: Some banks say noupdated: Fri Oct 28 2011 19:29:00

Many big banks are lining up to assure customers they won't impose the debit card fees that have sparked a backlash against Bank of America.

CNNMoney: Lawmakers: Repeal rule that spurred bank feesupdated: Fri Oct 14 2011 05:20:00

A few House lawmakers say there's a solution for the debit card fees from Bank of America and others that are ticking off customers: repeal the new regulation that the banks blame for needing the fees.

CNNMoney: Geithner: We will 'prevail' over banksupdated: Tue Oct 04 2011 19:15:00

Treasury Secretary Tim Geithner on Tuesday joined a chorus of Democratic officials hitting back at bank fees, saying the administration "will prevail" in the battle over banking reforms.

CNNMoney: Durbin to customers: Dump Bank of Americaupdated: Tue Oct 04 2011 14:24:00

Sen. Dick Durbin on Tuesday urged customers unhappy with Bank of America's new $5-a-month debit card fee to take their business elsewhere -- calling the fee a golden opportunity for other banks "not as greedy" to drum up new business.

CNNMoney: Bank of America may get the last laughupdated: Fri Sep 30 2011 13:25:00

In the immediate aftermath of Bank of America's new debit card fee announcement, many of the bank's customers have declared this is the last straw.

CNNMoney: Bank of America to charge $5 monthly debit card feeupdated: Thu Sep 29 2011 15:51:00

Get ready for a new wave of bank fees. Bank of America will begin charging a $5 monthly fee at the beginning of next year for customers who make debit card purchases.

CNNMoney: Watch out! Checking account fees are on the riseupdated: Mon Sep 26 2011 12:42:00

If you couldn't tell already, banking has become more expensive. More banks are assessing checking account fees, it's costing more to use ATMs and you're being hit with bigger overdraft charges.

Five credit cards every traveler should considerupdated: Mon Sep 05 2011 09:04:00

We know, you and your credit card have been through a lot together.

CNNMoney: Wells Fargo: No more debit card rewardsupdated: Mon Aug 22 2011 12:51:00

After ending its debit rewards program for new customers earlier this year, Wells Fargo is now scrapping the program for existing customers as well.

CNNMoney: Wells Fargo to test $3 a month debit card feeupdated: Tue Aug 16 2011 15:07:00

Yet another of the nation's top banks is flirting with the idea of charging a monthly fee to customers who use debit cards.

CNNMoney: Rewards cards: Consumers love 'em, retailers don'tupdated: Thu Jul 14 2011 16:06:00

Consumers love the free flights, gadgets and cash back they get when they pay with their rewards credit cards. But mom and pop stores cringe when they do.

CNNMoney: Heartland soars on card fees voteupdated: Thu Jun 09 2011 15:21:00

Heartland Payment Systems' stock surged Thursday, benefiting from a Senate card fees vote that delivered a blow to credit card companies.

CNNMoney: Banks' wrath: High ATM fees! 30% APRs! Vanishing rewards!updated: Mon May 09 2011 08:23:00

If you're a bank customer, you could soon be facing higher ATM fees, a $50 spending limit on your debit card, or a 30% late payment penalty on your credit card. And those debit rewards you've been enjoying? Say goodbye to those.

CNNMoney: Bank of America to hike interest rates for late paymentsupdated: Thu Apr 28 2011 12:58:00

Bank of America customers who make late payments on their credit cards may soon see their interest rates jump.

CNNMoney: Senator to JPMorgan CEO: Stop whiningupdated: Wed Apr 13 2011 12:49:00

JPMorgan Chase CEO Jamie Dimon, who is critical of a key provision in the financial reform law, has been taken to task by a U.S. senator in a scathing letter.

CNNMoney: Bank critic praises credit card companiesupdated: Tue Feb 22 2011 11:06:00

White House official Elizabeth Warren, best known for her outspoken criticism of the banking industry, praised that same group during a Tuesday conference on the one-year anniversary of the credit card laws.

App developers unhappy with Apple's new subscription serviceupdated: Wed Feb 16 2011 12:11:00

Dissension against Apple's new in-app subscription policies is growing, with streaming music service Rhapsody openly opposing the new policy while publishers mull potential courses of action, including litigation.

CNNMoney: My credit card had a 79.9% APRupdated: Mon Feb 14 2011 11:29:00

Toni Riss had a credit card with a 79.9% interest rate.

CNNMoney: How to slay new checking account feesupdated: Mon Jan 10 2011 08:20:00

It's like Night of the Living Dead: Every time the feds kill off a set of fees, they come back to life -- just in slightly different forms.

CNNMoney: Kardashian Kard kanceled by 'fun-loving' sistersupdated: Tue Nov 30 2010 10:33:00

Less than a month after the Kardashian Kard made its controversial debut, the reality show sisters terminated the glitzy prepaid debit card.

CNNMoney: Prepaid Kardashian Kard is rife with feesupdated: Mon Nov 29 2010 19:14:00

As Americans ditch their credit cards and look for debt-free ways to manage their spending, even celebrities are cashing in on the rush to prepaid cards.

CNNMoney: Bank of America reports $7.3 billion lossupdated: Tue Oct 19 2010 11:13:00

Bank of America reported a net loss of $7.3 billion in the third quarter on Tuesday, citing the recently passed financial reform law for a one-time charge in its credit and debit card unit.

CNNMoney: Beware of prepaid debit cards' hidden costsupdated: Mon Sep 27 2010 16:28:00

Prepaid debit cards are similar to regular debit cards in the way payments are made, and these handy little pieces of plastic are reloadable.

CNNMoney: Bank fee Whac-a-Mole: New charges hit accountsupdated: Sat Sep 25 2010 14:06:00

Bank fees: They're like a game of Whac-a-Mole. The minute one set is banned, a whole new set pops up.

CNNMoney: Consumer bureau: More disclosure, fewer hidden feesupdated: Fri Sep 17 2010 16:37:00

With Elizabeth Warren as an adviser, the new Consumer Financial Protection Bureau is officially en route to becoming a tough new regulatory body on behalf of consumers.

New credit card restrictions take effectupdated: Mon Aug 23 2010 11:58:00

New rules designed to protect credit card users from "unreasonable late payment and other penalty fees" went into effect Sunday as a result of the Credit Card Act of 2009.

What new credit card rules mean to youupdated: Mon Aug 23 2010 11:58:00

CNN's Stephanie Elam looks into new restrictions on credit card companies.

CNNMoney: New wave of credit card abusesupdated: Thu Jul 22 2010 16:58:00

A 2009 federal crackdown on abusive credit card practices has exposed a litany of other ways consumers are being hosed.

CNNMoney: Wall Street reform and the price of milkupdated: Tue Jul 13 2010 08:22:00

Congress is expected to finally pass the massive Wall Street reform bill later this week. And the lobbyists have already moved on to their next line of attack: The regulators who will issue the hundreds of new rules called for in the legislation.

We recommend

From around the web