How to save hundreds of dollars on your credit card payments
CBSN
When it comes to credit cards and the banks that issue them, bigger is most definitely not better — at least for customers.
That's because small banks and credit unions typically offer far better credit card terms and interest rates than the largest issuers, the Consumer Financial Protection Bureau said in a new report. In fact, the 25 largest card issuers charged customers interest rates that were eight to 10 percentage points higher than the rates on products from smaller lenders and credit unions, according to the federal agency.
Notably, even for consumers with a strong credit score that can amount to hundreds of dollars in additional interest payments per year, the CFPB said. The median interest rate for people with good credit — a score between 620 and 719 — was 28.20% on cards from from large issuers and 18.15% for small issuers, according to the findings.
In southwest Atlanta, Black-owned businesses are keeping the history of their neighborhoods alive – and it all starts with a cup of coffee.
A Hawaii man who spent 30 years in prison for a murder he long denied committing declared the day "Freedom Friday" and said he was eager to visit his mother after a judge ordered him released because of new DNA evidence.
Hamas has handed over three more Israeli hostages to the Red Cross in the latest exchange under the fragile ceasefire.
The Defense Department said Friday that it's cutting about 5,400 probationary workers starting next week and will put a hiring freeze in place.
A federal judge on Friday blocked a sweeping executive order from President Trump that sought to end government support for programs promoting diversity, equity and inclusion.
The Department of Justice has eliminated its national database that tracked misconduct incidents among federal law enforcement officers.
Former Proud Boys national leader Enrique Tarrio was arrested Friday near the U.S. Capitol on a charge that he assaulted a woman protesting a gathering attended by Tarrio and others who received presidential pardons for crimes stemming from the Jan. 6, 2021, riot in the nation's capital.
The Associated Press sued three Trump administration officials Friday over access to presidential events, citing freedom of speech in asking a federal judge to stop the 10-day blocking of its journalists.
The Trump administration is considering moving the U.S. Postal Service, an independent federal agency, under the Commerce Department, two sources tell CBS News.
Washington — A federal judge on Friday declined to block the Trump administration from putting thousands of employees with U.S. Agency for International Development on administrative leave and recalling others from overseas, clearing the way for the president to resume his efforts to overhaul the agency as part of his plans to slash the size of the federal government.
An attorney employed by U.S. Immigration and Customs Enforcement allegedly made "racist, bigoted, xenophobic, hateful, harassing and dishonest" posts on an X account where he tried to hide his identity, according to a legal complaint filed against him.
Michael Sayih and Max Fink share a common goal: to make history together. The South Florida natives are regular racing partners who have competed in 5K, Iron Man and marathon events around the world. Their current goal is to become one of the first Duo Teams — one athlete pushing the other in a wheelchair — to complete six Abbott World Marathon Majors together.
Elon Musk's Department of Government Efficiency, known as DOGE, has continued to slash through federal agencies, firing workers and canceling contracts. But as it tallies its savings online, there are continuing indications that the group, which President Trump has referred to as Musk's team of "super geniuses," is overstating its achievements.