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Biden, credit card late fees
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 companies can charge for late payment.
Judge blocks Biden administration rule capping credit card late fees at $8
A federal judge in Fort Worth, Texas, on Friday blocked a new Biden administration rule that would prohibit credit card companies from charging customers late fees higher than $8.
US judge halts rule capping credit card late fees at $8
A federal judge in Texas on Friday halted the Consumer Financial Protection Bureau's new rule capping credit card late fees at $8, a victory for business and banking groups challenging part of the Biden administration's crackdown on "junk fees.
Judge Blocks New U.S. Rule Limiting Credit Card Late Fees
Set to take effect on Tuesday, the rule would save households $10 billion a year in “junk fees,” the Consumer Financial Protection Bureau said.
Federal judge temporarily blocks rule capping credit card late fees at $8 per month
A federal judge in Fort Worth temporarily blocked a new rule that would cap fees on late credit card payments at $8 a month, siding with bank and credit card company lobbyists who contend in a lawsuit that it is unconstitutional. https://t.co/bwFhHruGfl
CFPB Attempts to Cap Credit Card Late Payment Fees at $8
While the CFPB initially issued this rule in March, it remains in limbo as the CFPB grapples with challenges to the cap.
Federal judge temporarily blocks rule capping credit card late fees at $8 per month
FORT WORTH, Texas — A federal judge on Friday temporarily blocked a
rule
that would have prohibited
credit
card
companies from charging consumers
late
fees
in excess of $8 per month. Judge Mark T.
New York Post on MSN
13d
Judge blocks rule capping credit card late fees at $8 in junk fee setback for Biden
A federal judge in Texas on Friday blocked the Consumer Financial Protection Bureau’s new
rule
for an $8 cap on
credit
...
CNN
13d
Judge blocks Biden administration rule capping credit card late fees at $8
A federal judge in Fort Worth, Texas, on Friday blocked a new Biden administration
rule
that would prohibit
credit
card
companies from charging customers
late
fees
higher than $8. US ...
1d
Buy Now, Pay Later Companies Must Follow Credit Card Standards, Consumer Agency Says
The Consumer Financial Protection Bureau is requiring BNPL companies to offer the same protections to users as credit card ...
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