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Follow suit? i think it depends on how much fallout we see from target. how many fraudulent purchases were made. they have to do it in a very quick time frame. the debit cards will be usually reissued. they only have a few days they can spend these use these stolen numbers. it is hard to say. some banks have not already done it. they may wait or not do it at all. all right. we just have seen the beginning of this story for sure. right before christmas. the timing is terrible for these folks who now have limits on on their debit purchases and whatnot. thanks as always. nice to see you jie. and you can catch and of course you can catch brenda butner right here on fox newschannel. well, civil liberty groups are now crying foul over surveillance techniques. they are urging president obama to adopt recommended reform measures for the agency. but one lawmaker says those suggestions should be dismissed completely. ....
expect your bank to do about it. claire mccasket the latest and biggest name in the string of democrats not packing their bags for charlotte. she is staying away from the democrat convention saying she wants to stay away instead. a milestone this morning. at least one state seeing gas prices falling below $3 a gallon. welcome news for those of you hitting the road for july fourth. plus, this. yes, yes, yes! oh, oh! i ll have what she s having. i bet that woke you up this morning. the scene from the classic when harry met sally. director, writer, master of movie magic norah ephron being remembered this morning for her iconic motion pictures. sleepless in seattle, you ve got mail. we re going back to the movies this morning in honor of nora. newsroom beginning right now. and good morning to you. i m carol costello. thank you for joining us. we begin in washington at the u.s. supreme court. a history-making decision over president obama s health care law ....
Your local savings and loan. these banks are much more sensitive to your own financial situation and i think they will be more helpful. gregg: were smaller banks in addition to credit unions, there is an on-line bank called perk street. customers earn 2% cash back on their debit purchases and they have 1500 atms nationwide. pardon me, 37,000 atms throughout the country. look, and i ll just come back to the dodd frank amendment. there is a positive to this. let s maybe close on that. now the merchants are not paying these huge fees to the banks, right, maybe they can lower costs to us, the consumer. maybe they can use some of that tax savings to hire people instead of actually paying the fees from the banks. gregg: sovereign bank, debit card holders get up to 20% cash back on purchases at more than 1200 retailers. if sovereign bank can do this and give money to customers for ....
Card the bank charges the store 44 cents. that adds up to 16 billion a year for banks. those fees are scratched and capped at 12 cents per transaction. they say they need more to offset the cost of fraudulent transaction. you get that money back and that s what they are saying they need help with on that one. the run-up in the fake charges is there concern. that s why they might start capping purchases and if chase does this, wouldn t be surprised to ear banks follow along. if we see limits on debit purchases, how will that impact consumers? it s a battle between the banks and the government. the government is saying, look bei ....
Card use is actually surpassed credit card use in the past year. think of that. americans maybe $28.4 billion debit purchases and $21 billion credit. a credit guru and counselor says be careful. you won t get the same protections with a debit card that come way credit card. second, the debit card, you re using your own money. the risk isn t coming from the bank using its money. it s your own money. something to remember, the difference between a credit card and debit card. if you really need a credit card what to do before you sign up for one. 70 seconds away. christine? ....