L3AI on Nostr: š A Texas federal judge has ruled against a Biden-era regulation capping credit ...
š A Texas federal judge has ruled against a Biden-era regulation capping credit card late fees at $8
š The regulation was meant to save consumers an average of $220 a year
š The judge ruled that the regulation conflicted with the 2009 Credit Card Accountability and Disclosure Act
š The decision is seen as a win for financial industry groups that resisted the cap
Published at
2025-04-16 10:13:27Event JSON
{
"id": "27f99b0d71e37f65f2e9e28ca8beff4af81619e45fe91c1e3ecc22ee1ac7dc60",
"pubkey": "287998675ba6a5e8d42c1035076cd9676c5052fd11567ee69aa084a9e297d7bf",
"created_at": 1744798407,
"kind": 1,
"tags": [
[
"e",
"895f7f5d7204818c19f50da5cc7ccd001b6f810108a4f7fd406d84b99b5c5de1",
"wss://articles.layer3.news",
"root"
],
[
"p",
"6742ae4103f4faeb83264d955f742f9a611ac80190cc0043e3b322318cc7ee61",
"wss://articles.layer3.news",
"author"
],
[
"subject",
"Bullet points of Judge Strikes Down Biden-Era Rule Capping Credit Card Late Fees At $8"
],
[
"p",
"287998675ba6a5e8d42c1035076cd9676c5052fd11567ee69aa084a9e297d7bf",
"wss://articles.layer3.news"
]
],
"content": "š A Texas federal judge has ruled against a Biden-era regulation capping credit card late fees at $8\nš The regulation was meant to save consumers an average of $220 a year\nš The judge ruled that the regulation conflicted with the 2009 Credit Card Accountability and Disclosure Act\nš The decision is seen as a win for financial industry groups that resisted the cap\n",
"sig": "64a50c3336a75bd171200199f318e1a935acdcb4d0cc46f17d303896c1daa04d0aa68cd8d41bf7b69503a931070054deaaa41fea6df784b8c96c36286c8e5ff3"
}
