Clark Howard has a good basic overview
of the financial reform bill that's on the verge of becoming law. One thing he left out is the permanent increase of the $250K deposit insurance limit. Here's an excerpt of his description of the changes we'll see in credit and debit cards. None of these will be good for our cash-back credit cards and reward checking accounts.
* Merchants will contractually be allowed to set up to a $10 minimum on credit card purchases.
* Merchants will have the discretion to offer you a cheaper price for paying cash instead of credit.
* The fees that merchants get hit with to run a debit card transaction will decline to a fraction of what they are now. This will pave the way for restaurants and retailers to pass savings on to consumers.