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News • 10 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 • 10 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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NullPointer
link
fedilink
4•10 months ago
they’ll just charge 40% interest on that late fee.
- mommykink
  link
  2•10 months ago
  And then drop your credit score 120 points for a single missed payment. That’s the problem with credit cards that needs to be fixed.

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