The Consumer Financial Protection Bureau finalized a rule Tuesday that will cut the typical credit card late fee to $8 from $32.
The financial regulator estimates the move will save American families $10 billion every year -- an average savings of $220 annually for more than 45 million people who are charged late fees when they don't pay their statements by the due date. https://abcnews.go.com/US/biden-administration-finalizes-rule-cutting-credit-card-late/story?id=107799462
Bellison22 /
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2024-03-06 02:04:27
Author Public Key
npub1eqevrr9mn8j35dh3rw4tszn6venzmzju9m9eeg7sz65dh80ljylqvgllxgPublished at
2024-03-06 02:04:27Event JSON
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"content": "The Consumer Financial Protection Bureau finalized a rule Tuesday that will cut the typical credit card late fee to $8 from $32.\n\nThe financial regulator estimates the move will save American families $10 billion every year -- an average savings of $220 annually for more than 45 million people who are charged late fees when they don't pay their statements by the due date. https://abcnews.go.com/US/biden-administration-finalizes-rule-cutting-credit-card-late/story?id=107799462",
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