Page 42 - 14 7 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> airline fees what we pay as a percent of revenue to the airlines hoorks here is what we are looking at allegiance. small airline. nearly 30% of their revenue is fees. spirit 22.6%. now the big major airlines united, continental 14.7. nearly 15% of their revenues come from fees. you are feeling it in the pocket. fees per passenger ticket you can think of it that way. united and continental 35 bucks almost. you get the idea here fees going up. making up a bigger proportion of company's revenue everywhere. >> shepard: are they using difficult times and high fuel prices as an excuse to do this ...

Banks try to cover the bottom line. >> reporter: the new numbers show the average interest rate on credit cards now stands at 14.7%. that's the highest since 2001. how did this happen? even with these new protections? banks are charging higher rates for customers now signing up for credit. and for existing customers, they were already hiking rates before these new protections could take effect. >> higher introductory rates. higher and new fees. >> doesn't make any sense when we have these new rules that are supposed to protect us. >> reporter: his answer, he simply pointed out what the head of...

Banks try to cover the bottom line. >> reporter: the new numbers show the average interest rate on credit cards now stands at 14.7%. that's the highest since 2001. how did this happen? even with these new protections? banks are charging higher rates for customers now signing up for credit. and for existing customers, they were already hiking rates before these new protections could take effect. >> higher introductory rates. higher and new fees. >> doesn't make any sense when we have these new rules that are supposed to protect us. >> reporter: his answer, he simply pointed out what the head of...

Going back to an area on the other side of the bridge and suddenly it collapsed and there were fires around them and every child in that bus get out fine and alive with good samaritans coming from everywhere. when you think it is bad news, good samaritans show up. a lot of good news in that and the people of minneapolis were amazing. make sure to take a good look at your credit card statement. interest rates are going up. and they are now going to be the highest level in nine years. maybe more. according to a financial research firm, between april and june the average credit card had an intere...

Decade, the average rate now at 14.7%, ironically, the hikes are being driven by new rules going into effect this week that are actually supposed to protect you. stuart varney is the anchor of varney and company on the network network. it is beyond irony and, it is outrageous. what do you think. >> reporter: the law of unintended consequences, perhaps, you pass the credit card accountability and disclosure act to protect consumers and what happens? the rate you pay on your credit cards goes up. as you said, gregg, 14.7%, now, and it was only 13.1% a year ago. why is it happening? well, credit ...