Biden’s CFPB proposes capping credit card late fees to $8

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President Biden's administration proposed new regulations Tuesday capping fees that credit card companies can charge for most late payments to $8.

 

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Why? Government needs to quit meddling.

Very smart way to buy votes & to encourage people to pay their bills late🤔

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CFPB Praised for Proposed Crackdown on 'Exploitative' Credit Card Late Fees'Today's rule proposal proves that the bullying behavior of companies who abuse Americans for their own profit will not stand from the CFPB,' said one advocate.
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