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News • 11 months ago

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

www.usatoday.com

876

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

www.usatoday.com

@return2ozma to

News • 11 months ago

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.

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varoth
link
English
10•11 months ago
Okay. Why can’t they just get rid of the fees altogether? Why do we need to have ANY kind of junk fees for anything? Oh wait, I know. To make rich people richer.
- @iopq
  link
  4•11 months ago
  They actually should, because they already change interest far in excess of LIBOR.

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