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Bank of America will pay nearly $800 million to settle accusations that it misled customers who bought extra credit card products. Regulators say nearly 3 million credit card holders were effected.

U.S. law enforcement officials say 24 suspected computer hackers have been arrested in a sting operation. The FBI set up a fake online forum for people interested in trading credit card numbers and other financial information.

Upscale department store Neiman Marcus is the latest retailer to disclose data security breaches. The disclosure comes just a day after Target issued another apology for a data breach that occurred during the holiday season. NPR's Rachel Martin speaks with Brian Krebs, who broke both stories on his blog, KrebsOnSecurity.

A new study showing that Americans lost nearly 40 percent of their wealth in the Great Recession turned up another notable result: Credit card debt also fell sharply; the median family's balance tumbled 16 percent. But it's not just because people rushed to pay off their plastic.

Today is the deadline card issuers have given for merchants to be ready to accept the new, more secure, computer-chipped cards. But there's still a long way to go.

Prosecutors in Arkansas accused the former administrative assistant of using public money to buy personal items including a diamond ring, sequined throw pillows and a tuxedo for her dog.

The nation's biggest banks are leaning toward a new credit card security system that will rely on embedded chips and signatures rather than PINs. But critics say the PIN-and-chip system is superior.

The Chase Sapphire Reserve credit card is so popular that the company ran out of alloy. So for the moment, new customers are getting super trendy metal cards that are made of plastic.

The credit card would represent a foray into new businesses for both companies. With a card, Apple may be able to take a larger cut from purchases than it does now through Apple Pay.

The Federal Reserve Bank of New York says a growing number of card user are falling behind on their monthly credit card bills. Fallout from years of rising prices and high interest rates.