Nearly half of Americans don't know their credit card APRs
Here's how not knowing what your credit card interest rate is can hurt you financially.
Credit Cards
New protections for "buy now, pay later" shoppers
The Consumer Financial Protection Bureau announced Wednesday that lenders that offer "buy now, pay later" plans must provide customers with the same protections as those offered to credit card users, including allowing shoppers to demand refunds on returned products or canceled services. Jo Ling Kent has details.
Rules for "buy now, pay later" plans
The Consumer Financial Protection Bureau has announced expanded protections for Americans choosing to use the "buy now, pay later" options to purchase certain goods. CBS News senior business and technology correspondent Jo Ling Kent breaks down the protections.
Federal judge blocks White House plan to curb credit card late fees
The banking industry is mounting a last-ditch effort to block a new federal rule that would slash credit card late-payment fees.
Judge halts plan to cap credit card late fees
A federal judge in Texas Friday temporarily halted a Biden administration rule that would cap credit card late fees at $8, about a quarter of what they are now. Credit card companies receive about $14 billion in late fee payments per year, according to the Consumer Financial Protection Bureau. Elise Preston has more.
Fed expected to leave interest rates alone
The Federal Reserve is set to announce its third interest rate decision of 2024 on Wednesday. CBS News contributor Javier David, managing editor of business and markets at Axios, discusses what to expect.
Biden administration caps credit card late fees at $8
The Biden administration has introduced a rule capping credit card late fees at a maximum of $8, a sharp decrease from the current $32 average. This comes as a new task force is set to address illegal and unfair pricing practices in essential sectors like groceries, prescription drugs, health care and housing. CBS News business analyst Jill Schlesinger offers an in-depth analysis of what these changes mean for consumers.
Biden announces credit card late fee cap of $8
President Biden on Tuesday announced credit card late fees will be capped at $8, down from around $32. Nikki Battiste has the details.
Capital One-Discover merger: What to know
A potential merger between Capital One and Discover Financial Services is sparking antitrust concerns. The two firms are the fourth and sixth largest companies issuing credit cards to American consumers. Lucinda Shen, financial technology reporter for Axios, joins CBS News to discuss what the agreement could mean for consumers and the economy.
How to save hundreds of dollars on your credit card payments
Many consumers are paying up to $500 more in annual interest than necessary, and credit scores have nothing to do with it.
Your Delta SkyMiles American Express card is getting pricier
The cards will cost more but also offer enhanced benefits, including restaurant and rideshare credits.
56 million credit cardholders have been in debt for at least a year
American consumers' combined outstanding credit card balances hit a record $1 trillion in 2023, miring many people in debt.
Shoppers opened their wallets this holiday, defying fears of pullback
U.S. economy continues to plow ahead, as holiday shoppers shell out more on gifts this year than predicted.
Why George Santos faces House expulsion vote
Rep. George Santos, a New York Republican, pleaded not guilty Friday to the latest federal charges against him. Santos is accused of stealing his campaign donors' identities and racking up thousands of dollars in unauthorized charges on their credit cards. CBS News congressional correspondent Scott MacFarlane has the latest on how Congress may react to Santos' legal woes.
Retail credit card APRs rise to record highs, topping 30%
According to a Bankrate survey, the average retail card APR is now 28.93%, with some retail credit cards charging 32.24%.
Credit card APRs are surging ever higher. Here's how to get a lower rate.
More than a third of credit cards now carry APRs of nearly 30%. But to get a lower rate, often all you have to do is ask.
Consumer groups says Mastercard is selling cardholders' data without consent
Customers don't realize what the nation's second-largest credit card issuer is doing with their personal data, according to PIRG report.
Republican lawmaker proposes 18% cap on credit card interest rates
U.S. Senator Josh Hawley's bill comes as Americans have been saddled with more than $1 trillion in credit card debt.
Are medical credit cards worth it?
More Americans are turning to medical credit cards as they struggle to pay for medical bills, according to a new survey from the Consumer Financial Protection Bureau. CBS News MoneyWatch associate managing editor Aimee Picchi explains how the cards could impact your credit.
New York Fed: Loan rejection rates rising
More and more Americans are seeing their loan applications rejected. The Federal Reserve Bank of New York reported that rejection rates are up for many loans -- including mortgages, auto loans and credit cards. John Vivian, senior director of finance consulting firm Potomac Global Partners, joins CBS News to help make sense of the lending landscape.
5/17: CBS News Mornings
President Biden and first lady to meet shooting victims' families; Americans relying on credit cards and other methods to pay for items
5/5: CBS News Mornings
Federal Reserve hikes interest rate by 0.5%; Comedian Dave Chappelle attacked on stage
The pros and cons of airline credit cards
As we head into the height of the summer travel season, many people are looking for the best way to stretch their travel budget. Airline credit cards offer perks and points which may sound ideal, but travel experts warn the benefits may not be worth your money. Wall Street Journal travel reporter Jacob Passy joined CBS News to break down the pros and cons of different cards.
America in a credit card debt crisis
Americans are racking up all-time high levels of credit card debt. Ted Rossman, senior industry analyst for CreditCards.com, has tips if you're struggling with high balances.
Live
Trump says U.S. will win war "one way or the other" as Iran holds Khamenei's funeral
The U.S. is "going to win one way or the other," President Trump said Monday, as Iran held a colossal public funeral for its slain supreme leader.
Top Democrats call on Platner to drop out as sexual assault allegation emerges
A Maine woman told Politico that Graham Platner entered her home in late 2021 and forced himself on her. Platner denies the allegation.
Belgium knocks out U.S. men 4-1, ending the Americans' World Cup run in Seattle
Belgium defeated the U.S. Men's National Team 4-1 on Monday night in the World Cup Round of 16 knockout match in Seattle, ending the Americans' hopes of reaching the quarterfinals for the first time in 24 years.
Judge says alleged D.C. pipe bomber isn't covered by Trump's Jan. 6 pardons
A judge ruled that that President Trump's pardons of the rioters were "expressly limited" to those who were convicted of their actions on Jan. 6, 2021, and did not apply to Brian Cole Jr.
FIFA criticized for lifting U.S. star's red card suspension after Trump phone call
Europe's soccer governing body and prominent commentators have criticized the decision, which allows Folarin Balogun to play against Belgium.
Dayslong preliminary hearing for Charlie Kirk's alleged killer is underway
Prosecutors will present their case this week against Tyler Robinson, the man accused of killing conservative activist Charlie Kirk.
Children who died on Wisconsin's Geneva Lake found in sunken boat, police say
Three children who died when a boat capsized on Geneva Lake in Wisconsin amid a sudden storm last week were found inside the sunken vessel, police said.
National Guard members on patrol in Memphis fatally shoot man, police say
Two Tennessee National Guard members fatally shot a man in Memphis who turned toward them with a gun during a downtown pursuit, authorities said.
Kyiv apartment building hit by multiple Russian strikes month apart
Residents of a Kyiv apartment building hit a second time by a Russian strike greeted emergency responders with dark humor, volunteer Kateryna Tereshkova said.
U.S.
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Belgium knocks out U.S. men 4-1, ending the Americans' World Cup run in Seattle
Belgium defeated the U.S. Men's National Team 4-1 on Monday night in the World Cup round of 16 knockout match in Seattle, ending the Americans' hopes of reaching the quarterfinals for the first time in 24 years.
Chris Richards on red card controversy, U.S.-Belgium match: "Business as usual"
U.S. Men's National Team defender Chris Richards spoke with "CBS Evening News" anchor Tony Dokoupil in an interview ahead of the knockout match against Belgium.
Judge says alleged D.C. pipe bomber isn't covered by Trump's Jan. 6 pardons
A judge ruled that that President Trump's pardons of the rioters were "expressly limited" to those who were convicted of their actions on Jan. 6, 2021, and did not apply to Brian Cole Jr.
Children who died on Wisconsin's Geneva Lake found in sunken boat, police say
Three children who died when a boat capsized on Geneva Lake in Wisconsin amid a sudden storm last week were found inside the sunken vessel, police said.
AI actor Tilly Norwood set to star in first feature film
AI-generated actor Tilly Norwood is set to star in her first feature film, with her creator saying that "art will be imitating life."
MoneyWatch
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AI actor Tilly Norwood set to star in first feature film
AI-generated actor Tilly Norwood is set to star in her first feature film, with her creator saying that "art will be imitating life."
Microsoft to cut more than 3,000 jobs from ailing Xbox unit
Microsoft moves to slash costs as the video game industry faces what the tech giant calls the "most severe hardware crisis in its history."
EasyJet agrees to $6.7 billion takeover by U.S. private equity firm
U.K. budget airline has struck a deal to be acquired after rejecting four previous offers by the American investment firm.
More than 100,000 fireworks recalled ahead of July 4
Federal safety regulators are urging consumers to stop using the recalled fireworks and return them for a full refund.
How to save money on air conditioning as electric bills climb
As Americans endure another bout of extreme heat, experts say small thermostat adjustments and other energy-saving steps can help reduce soaring cooling costs.
Politics
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Judge says alleged D.C. pipe bomber isn't covered by Trump's Jan. 6 pardons
A judge ruled that that President Trump's pardons of the rioters were "expressly limited" to those who were convicted of their actions on Jan. 6, 2021, and did not apply to Brian Cole Jr.
Top Democrats call on Platner to drop out as sexual assault allegation emerges
A Maine woman told Politico that Graham Platner entered her home in late 2021 and forced himself on her. Platner denies the allegation.
Trump says he saw play that led to red card and asked FIFA president for review
President Trump said he spoke to FIFA President Gianni Infantino after seeing the play and asked for a review.
Transcript: Reps. Adriano Espaillat and Carlos Gimenez on "Face the Nation with Margaret Brennan," July 5, 2026
The following is the full transcript of an interview with Reps. Adriano Espaillat, Democrat of New York, and Carlos Gimenez, Republican of Florida, a portion of which aired on "Face the Nation with Margaret Brennan" on July 5, 2026. The interview was taped on July 2, 2026.
Full transcript of "Face the Nation with Margaret Brennan," July 5, 2026
On this "Face the Nation with Margaret Brennan" broadcast, Reps. Adriano Espaillat and Carlos Giminez join Ed O'Keefe.
HealthWatch
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Switching to a cheaper health plan delayed a man's access to vital medicine
A Florida man thought he had carefully planned for a seamless switch between health plans. It was anything but.
"Very unhealthy" pollution levels recorded in D.C. after July 4th fireworks
A "purple" air quality alert was issued for Washington, D.C., and surrounding areas, on Sunday, meaning pollution reached levels considered "very unhealthy."
1 symptom leads to dad's cancer diagnosis: "I was like, 'Wait, what?'"
Eric Dillon thought the pain in his shoulder was a minor injury. It took two years to get the real answer.
Why tick season is expected to be worse than normal
The CDC is reporting the highest rate of emergency room visits from tick bites since 2017 in many parts of the U.S.
Investigation
What a Brooklyn bodega reveals about the craze for an experimental weight-loss drug
It isn't approved by the FDA, but we found an experimental weight-loss drug called retatrutide for sale at a local convenience store.
World
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Belgium knocks out U.S. men 4-1, ending the Americans' World Cup run in Seattle
Belgium defeated the U.S. Men's National Team 4-1 on Monday night in the World Cup round of 16 knockout match in Seattle, ending the Americans' hopes of reaching the quarterfinals for the first time in 24 years.
Chris Richards on red card controversy, U.S.-Belgium match: "Business as usual"
U.S. Men's National Team defender Chris Richards spoke with "CBS Evening News" anchor Tony Dokoupil in an interview ahead of the knockout match against Belgium.
Kyiv apartment building hit by multiple Russian strikes month apart
Residents of a Kyiv apartment building hit a second time by a Russian strike greeted emergency responders with dark humor, volunteer Kateryna Tereshkova said.
Man confesses from jail to killing wife, says he will reveal location of body
Delphine Jubillar went missing in southern France in December 2020 at the height of the COVID pandemic and her body was never found.
EasyJet agrees to $6.7 billion takeover by U.S. private equity firm
U.K. budget airline has struck a deal to be acquired after rejecting four previous offers by the American investment firm.
Entertainment
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Entertainment
Details emerge of Swift-Kelce wedding
The highly anticipated wedding between pop superstar Taylor Swift and Kansas City Chiefs Pro Bowler Travis Kelce took place at Madison Square Garden on Friday. Page Six senior reporter Carlos Greer joins with the emerging details.
AI actor Tilly Norwood set to star in first feature film
AI-generated actor Tilly Norwood is set to star in her first feature film, with her creator saying that "art will be imitating life."
Beyoncé releases first new song in two years
Beyoncé released her first new song in two years, "MORNING DEW (DONK)," on the Fourth of July. Caché McClay, a music reporter for USA Today Network, has more.
Details of Swift, Kelce wedding
After weeks of speculation, Taylor Swift and Travis Kelce officially tied the knot at Madison Square Garden in New York City. Lilia Luciano has more on the venue's transformation, guest list and the couple's vows.
Details on Taylor Swift-Travis Kelce wedding
More details are emerging about the huge Taylor Swift and Travis Kelce wedding that brought together 1,000 people in New York City. CBS News' Lilia Luciano reports.
Technology
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Microsoft to cut more than 3,000 jobs from ailing Xbox unit
Microsoft moves to slash costs as the video game industry faces what the tech giant calls the "most severe hardware crisis in its history."
Why U.S. initially restricted Anthropic AI models
The Trump administration has lifted export restrictions on Anthropic's most advanced artificial intelligence models, Fable and Mythos, after weeks of negotiations over national security concerns. CNET Editor-in-Chief David Katzmaier joins to discuss.
How AI powered robots are helping small farms
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
White House lifted AI limits, Anthropic says
Tech giant Anthropic says that the federal government has now removed restrictions from its robust Claude Fable 5 and Mythos 5 models. Axios reporter Madison Mills has more on artificial intelligence regulation.
Sony to stop making physical discs for PlayStation starting in 2028
After January 2028, new games will be available exclusively in digital format from the PlayStation Store and at retailers, Sony said.
Science
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Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
The American innovation that made millions of others possible
From the lightbulb to the airplane, to medical breakthroughs and the internet age, the past 250 years have been defined by America's intrepid intellect.
New White House UFO panel chair speaks out
The White House appointed former Harvard University astronomer Avi Loeb to lead its new panel on Unidentified Anomalous Phenomena, also known as UAPs and UFOs. Loeb shares his enthusiasm for his new role.
3 futurists predict what America will be like in the centuries ahead
From space to healthcare and artificial intelligence, what could the next 250 years of the United States look like?
NASA strives to save doomed telescope
NASA is in a race against time as the Swift Observatory telescope in orbit sinks closer to Earth. CBS News consultant William Harwood explains the $30 million salvage operation.
Crime
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Crime
Charlie Kirk murder suspect in court
Tyler Robinson, the man accused of killing conservative activist Charlie Kirk, was in court Monday for a critical hearing. Carter Evans reports.
Testimony at accused Kirk killer's hearing
A five-day preliminary hearing is underway for the man accused of assassinating conservative activist Charlie Kirk. CBS News' Anna Schecter has the details.
Judge to weigh evidence for trial in Kirk killing
A five-day hearing began Monday for the man accused of assassinating conservative activist Charlie Kirk. CBS News legal contributor Jessica Levinson joins to break down the proceedings.
Man confesses from jail to killing wife, says he will reveal location of body
Delphine Jubillar went missing in southern France in December 2020 at the height of the COVID pandemic and her body was never found.
Key hearing begins for Tyler Robinson
A key hearing begins Monday for Tyler Robinson, the man accused of killing Charlie Kirk. CBS News' Carter Evans has the latest.
Space
More Space
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Mission launched to rescue a falling space telescope
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
NASA astronauts operate on space station's broken robot arm
The orbital surgery on the International Space Station returned the Canadian-built robot arm to full health after its "wrist" joint failed last month.
NASA prepares to launch rescue to save telescope from falling to Earth
The $30 million salvage operation gets underway as soon as this week with the planned launch of a robotic lifesaver.
Astronomers find 2 gigantic planets lighter than cotton candy
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
Latest Galleries
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Celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
Trump heading to NATO summit amid tensions
President Trump will leave for Turkey on Monday night to attend the annual NATO summit. The president is set to meet with allies he has chastised for insufficient support in the war in Iran and defense spending. Leo Shane III, Politico defense reporter, joins CBS News to discuss what to expect.
Charlie Kirk murder suspect in court
Tyler Robinson, the man accused of killing conservative activist Charlie Kirk, was in court Monday for a critical hearing. Carter Evans reports.
Chris Richards on Balogun's reinstatement
USMNT defender Chris Richards speaks with Tony Dokoupil about the controversial decision to lift the suspension against Folarin Balogun and his team's ongoing run through the World Cup.
Politico: Woman claims Platner sexually assaulted her
Maine Democratic Senate candidate Graham Platner is postponing campaign events after a woman he dated told Politico that Platner forced her to have sex against her will. Nikole Killion reports.
Democrats call on Platner to drop Senate bid
Politico reports that a woman Graham Platner dated claims he forced her to have sex against her will. The Maine Democratic Senate nominee denies the allegation. Aaron Zitner, reporter and editor in The Wall Street Journal's Washington bureau, joins with more.