The U.S. Consumer Financial Protection Bureau on Tuesday suffered a jurisdictional setback in a lawsuit challenging its new rule capping credit card late fees at $8 when a federal appeals court held ...
A banking industry challenge to the Consumer Financial Protection Bureau’s rule capping credit card late fees at $8 will stay ...
PNC has cut its credit card late fees to $8, and Wells Fargo has eliminated the charges on one new card. The moves signal ...
Conversations about credit card debt are often framed as a result of personal choices, but major credit card companies use ...
At issue is a rule ... late fees, unless they could prove higher fees are necessary to cover their costs. According to the CFPB, issuers collected more than $14 billion worth of credit card ...
The U.S. Consumer Financial Protection Bureau (CFPB) on Tuesday scored a jurisdictional victory when a federal judge in Texas ...
This element of the rule offers some flexibility but also ... As the Biden administration moves forward with its initiative to cap credit card late fees, the financial industry’s backlash ...
New government regulations are slashing the late fees charged by many credit card companies. On March 5, 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule limiting the penalty ...
In March, the Consumer Financial Protection Bureau (CFPB) finalized a rule capping credit card late fees to 25% of the ...