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Banks are raising their minimum monthly payments in January, a change intended to protect consumers from piling up credit card debts that can last for decades. But the higher minimums, along with interest rates that can be raised for late payments, mean consumers could be facing bigger credit card bills next year.

NPR's Eric Deggans asks Natasha Sarin, former counselor to Treasury Secretary Janet Yellen, about plans to cap credit card interest rates.

Citi, which expects to issue its first card this year, will become the first U.S.-based bank to issue its own credit cards in the country.

To put that in perspective, $1 trillion in bills end to end would stretch past the sun from Earth.

Shoppers are heading into the heavy-spending season with no new credit safeguards in place. Experts say it'll be at least another year before the U.S. system moves beyond technology from the 1970s.

Consumers who sign credit card agreements that feature an arbitration clause cannot dispute fees or charges in court, the Supreme Court ruled Tuesday. The 8-to-1 ruling is drawing fire from consumer advocates.

Lawyers for some of the nation's largest retailers say Visa and MasterCard illegally thwarted for years the growth of debit-card networks, The Wall Street Journal reports. The allegations stem from recently unsealed court documents from a class-action suit that includes Wal-Mart and Sears. NPR's Jim Zarroli reports.

Andee Tagle from NPR's Life Kit podcast reports on the best way to accumulate credit card points and put them to good use.

Just how big the breach was is still unknown but one security expert says it was "massive."

Traffic at stores also declined following a security breach that may have exposed the credit card information of 40 million customers.