Weather Alert

MODERATE TO HEAVY SNOW STORM WED. THROUGH WED. NIGHT

Low pressure will quickly develop and move south of the New England coast through Wednesday night as colder air arrives to produce a moderate to heavy snow storm for much of the region.  Snow will develop quickly Wednesday morning a fall heavily at times through the afternoon and evening before tapering off and ending before daybreak on Thursday.  Expect difficult travel conditions with snow packed roads and low visibility through the duration of this storm.  Click Here for the CBS6 Weather Forecast Page

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New Credit Card Fees

Updated: Friday, August 2 2013, 10:17 PM EDT

Credit card holders could soon be paying higher fees, if the newly-formed Consumer Financial Protection Bureau gets its way.
        
Dori Marlin reports, The Bottom Line is that the agency wants to relax a current cap on card fees. That means card holders would pay more, so the banks could make more money.

Card issuers wouldn't be able to charge more than 25% of someone's credit limit in the first year of their account, but under the new proposal there would be no limit on application fees, annual fees, or up-front charges.

The CFPB is accepting public comment on the proposal until June, before it can get approved.

New Credit Card Fees


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