2013 brings new credit card fees
Copyright 2011 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Posted: 01/02/2013
-
By: Michelle Lowry
TULSA - They're called check-out fees. New rules are now in place allowing merchants to tack on the surcharge.
However, those check-out fees are illegal in 10 states; many of them right here in our section of the country.
Check-out fees are illegal in: Oklahoma, Kansas, Colorado, Texas, California, Connecticut, Florida, Maine, Massachusetts and New York.
So if you see that fee added to your credit card purchase in any of those states report it to the state Attorney General.
In Oklahoma you can contact the AG by calling (405) 521-3921 or on the web at OAG.state.ok.us
Several consumer protection groups say most merchants won't tack on checkout fees, even in states where they're now allowed, for fear of driving people to the competition. Those same groups say many merchants will skip the fees but raise prices. The newly allowed check-out fees don't apply to purchases made with debit cards, cash or checks.
The new fees came from a class-action settlement with Visa and MasterCard.
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
PRINT
More Problem Solvers
-
Is now the time to buy or sell a home
Whether pulling up roots or hoping someone else thinks your current nest is their dream home here are some things to take into consideration about getting into the housing market right now.
-
Which safe rooms are safest?
-
Ranch helping to save wild animals
-
Small medical bill causes credit problem
-
How to lower your medical costs
