Finance ❯Banking ❯Credit Cards ❯Late Fees

Regulations

CFPB and Industry Groups Move to End Biden-Era Credit Card Late Fee Rule

Joint motion filed in Texas federal court seeks to permanently vacate the $8 late fee cap, concluding prolonged litigation.

CFPB's Credit Card Fee Cap Faces Legal Hurdles, Potential Economic Shifts

Biden Administration Caps Credit Card Late Fees at $8, Aiming to Save Consumers $10 Billion Annually