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An approved measure in the Florida legislature targets yet-to-be-enacted plans by some credit-card companies to create a separate “merchant category code” for sales at firearm businesses.
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More Americans are leaning on their credit cards to cope with rising prices. And as interest rates continue to climb, that debt is getting more and more expensive.
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Credit card balances reached a record-setting $866 billion in the third quarter of last year, which represents a year-over-year increase of 19 percent.
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The move will likely provoke the ire of gun rights advocates and lobbyists, who have argued that categorizing gun sales would unfairly flag an industry when most sales do not lead to mass shootings.
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The FTC order came after nearly a third of Credit Karma users who were told they qualified for preapproved credit card offers were actually turned down, wasting their time and hurting credit scores.
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Mastercard, Discover, American Express and Visa have all announced that they are limiting policies requiring you to make your mark. They say advances in technology make fraud less likely.
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A Florida bank is now offering credit cards that work in Cuba. Stonegate Bank, based in Pompano Beach, began accepting applications for the cards on…