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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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@candybrie
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2•11 months ago
I think that’s exactly what they’re criticizing. Having an economy where most people need that tool, where it’s expected to be used that way, is not good.

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