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The rule capping credit card late fees at $8 is on hold — here’s what it means for you
The U.S. banking industry won a key victory in its effort to block the implementation of a Consumer Financial Protection Bureau rule that would've drastically limited the fees that credit card ...
CNBC17d
Credit card late fees cost Americans billions a year — now they're capped at $8
New government regulations are slashing the late fees charged by many credit card companies. On March 5, 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule limiting the penalty ...
FOX 5 Atlanta1mon
Texas judge stops Biden Administration rule that caps credit card late fees at $8
The Biden Administration has been trying to create laws and rules that would limit "junk fees" charged by credit card companies and other companies with consumer fees. One of those rules would ...
Reuters18d
Texas judge again transfers lawsuit over card late fee rule to Washington
May 28 (Reuters) - The U.S. Consumer Financial Protection Bureau (CFPB) on Tuesday scored a jurisdictional victory when a federal judge in Texas transferred to another court in Washington an ...
Fox Business5d
Consumers want credit products despite high interest rates: TransUnion
The high interest rate environment has done little to dampen the appetite for credit products, a recent TransUnion report ...