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Congress has passed a bill that would enact sweeping new restrictions on the credit card industry. The bill does away with arbitrary rate hikes and bans issuing cards to minors.

Harvard Law Professor Elizabeth Warren is an expert on bankruptcy and is an outspoken critic of consumer lenders. Warren is also the author of The Two-Income Trap: Why Middle Class Mothers and Fathers Are Going Broke.

As of Monday, Costco has officially moved on from its 16-year relationship with American Express and is now partnered with Visa.

Apple wants to change the way you pay for things. Credit card companies are embracing its new mobile payment system as a boost to security, but analysts say Apple could disrupt the payments industry.

Unexpected expenses and health issues sunk Claire Shrout and her family into frightening levels of debt. What she went through is familiar to a lot of Americans.

China used to require western banks to co-brand with Chinese operators. But now Citi can sell its own plastic, just as credit cards become more popular. Rising incomes are boosting consumer spending.

Thursday is the beginning of the end for magnetic-stripe credit cards. With the change, banks say stores will have to pay for fraudulent purchases. The shift may be hard for some small retailers.

NPR's Ayesha Rascoe talks to Brian Kelly, founder of credit card and travel website "The Points Guy", about the rising fees in the premium credit card space.

One piece of advice for how to use a credit card wisely? Don't carry a balance, CBS News business analyst Jill Schlesinger tells Here & Now's Jeremy Hobson.

Host Jennifer Ludden looks at how the credit card industry markets to teenagers. Legally, banks may not issue credit cards to minors, but solicitations for cards often go out to kids under 18. It seems the card issuers are counting on parents to bail their kids out when they overcharge.