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News • 11 months ago

Billions are on the line for lenders as White House finalizes credit card late fee cap of $8

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Billions are on the line for lenders as White House finalizes credit card late fee cap of $8

@return2ozma to

News • 11 months ago

Billions are on the line for lenders as White House finalizes credit card late fee cap

The Consumer Financial Protection Bureau is facing banks, credit unions and credit card companies in its push to limit late fees.

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@ohlaph
link
34•11 months ago
The banks won’t take a billions hit, they will simply start charging for something else.
- Billiam
  link
  16•11 months ago
  It’s not a “late fee”, it’s a “past due convenience charge”!
  - @einlander
    link
    12•11 months ago
    An account restoration fee.

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