Credit card late fees capped at $8 under Biden crackdown on 'junk fees'

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Credit card late fees capped at $8 under Biden crackdown on 'junk fees'

https://www.usatoday.com/story/news/politics/2024/03/05/credit-card-late-fees-capped-by-bidens-cfpb-crackdown-on-junk-fees/72850553007/

The Biden administration finalized a rule Tuesday that will close a loophole to slash fees charged by companies from an average of $32 to $8.

Credit card late fees capped at $8 under Biden crackdown on 'junk fees'