The state of Hawaii has sued seven major credit card issuers over the marketing of credit card insurance-like products, known as payment-protection plans. Processing Content The lawsuits, filed April ...

A federal judge in Philadelphia has preliminarily approved a $23.5 million settlement in a class action brought against HSBC Bank over the company's payment protection plan for its credit card users.

Sign up for the daily CJR newsletter. Reuters puts the spotlight on the scam that is the multi-billion-dollar credit-card insurance industry, which promises to cover ...