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President Donald Trump is seeking to end production of new pennies. An expert told FOX Business the effect on consumers will be negligible.

New legislation in Congress that would cap credit card interest rates at 10% that has the backing of President Trump could reshape financial services, though it would carry a cost.

The president said in a Truth Social post that stopping the mint from coining new pennies is another way to reduce 'wasteful' government spending.

Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.

Visa will enable X users to move funds between traditional bank accounts and their digital wallet and make instant peer-to-peer payments, like Zelle or Venmo.

Industry experts say credit card swipe fees are taking a chunk out of Americans' spending power. But Electronic Payments Coalition claimed these processing costs are among the lowest.

Credit card companies may be illegally devaluing rewards points or airline miles that customers have accrued, the Consumer Financial Protection Bureau warned.

Notes and coins used in a fifth of transactions, say retailers - a second consecutive annual rise.

Adding a child as an authorized user to your credit card account can help jumpstart their credit history. But there can be risks, experts said.

Business owners say card transaction fees are a growing monthly expense, one often passed to consumers. They’re cheering efforts to lower them.

Criminals are conning young people into using their bank accounts to launder money, fraud experts say.

Senate Judiciary Committee members say the 'duopoly' has left retailers with no ability to negotiate high interchange fees.

Visa released a new report detailing the emerging scams targeting consumers and travelers, including the emergence of "digital pickpocketing" and scams involving fake airline bookings.

Paul Pelosi, the husband of former House Speaker and current California Rep. Nancy Pelosi, sold 2,000 shares of Visa a few months before the company was sued by the government.

The Department of Justice said Visa's actions had slowed competition and raised prices across the economy.

The U.S. Department of Justice sued Visa for alleged antitrust violations on Tuesday, accusing one of the world's largest payment networks of suppressing competition by threatening merchants with high fees and paying off potential rivals. Visa processes more than 60% of debit transactions in the U.S., bringing it $7 billion each year in fees collected when transactions are routed over its network, the Justice Department said. The company protects that dominance through agreements with card issuers, merchants, and competitors, prosecutors allege.

Visa and its smaller rival MasterCard have surged in the past two decades, reaching a combined market cap of roughly $1 trillion.

The financial giant, which processes the majority of debit card spending in the United States, unfairly imposed fees on merchants and deterred rivals, the Justice Department said.

The Justice Department filed a lawsuit against Visa on Tuesday, alleging the financial services giant used its clout to maintain a monopoly over the U.S. debit card market.

The Justice Department is expected to sue the global payments giant as soon as Tuesday, accusing the company of stifling competition.

The agency plans to argue that the company illegally penalizes customers that try to use rival payment processors.

Visa said it plans to launch a dedicated service for bank transfers, skipping credit cards and the traditional direct debit process.