President’s Administration Continues to Address Late Credit Payment Fees

Interagency cooperation and new provisions focus on consumer protection from fee hikes. Multiple agencies in President Biden’s administration recently announced partnerships to address price hikes and industry “junk…

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Administration Proposes Lower Credit Card Fees

Late fees would be capped at $8.  The Consumer Financial Protection Bureau is proposing an update to the 2009 regulation from the Credit Card Accountability Responsibility and Disclosure…

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