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Judge blocks Biden administration rule capping credit card late fees at $8

A federal judge in Fort Worth, Texas, on Friday blocked a new Biden administration rule that would prohibit credit card companies from charging customers late fees higher than $8. US District ... Read More
SC Sen. Tim Scott seeks elimination of Biden-era cap on bank overdraft fees
South Carolina Sen. Tim Scott pledged to undo Biden-era regulations he says are harming the financial industry. He's starting by bringing back overdraft fees. Read More
New 'Junk Fee' Rule Caps Credit Card Late Fees At $8

The Consumer Financial Protection Bureau (CFPB) has finalized a rule that limits the typical credit card late fee from $32, to $8. The rule ... million people, the Biden administration said ... Read More
How The Biden Administration’s ‘Junk Fee’ Policies Will Hurt Consumers

One recent example of the Biden Administration’s junk fees policies is the Consumer Financial Protection Bureau’s rule to cap credit card late fees at $8, down from the current average of $32. Read More
US court blocks Biden administration's airline fee disclosure rule

WASHINGTON, Jan 28 (Reuters) - A U.S. appeals court on Tuesday blocked the Biden administration's 2024 rule requiring ... 7.1 billion in baggage fees in 2023, up from $6.8 billion in 2022. Read More
Credit Cards

The Biden Administration is trying to stop junk fees, but a judge put a stop to a rule capping credit card late fees at $8. New York Federal Reserve data released Tuesday shows household debt hit ... Read More
Judge blocks rule capping credit card late fees at $8 in junk fee setback for Biden

A federal judge in Texas on Friday blocked the Consumer Financial Protection Bureau’s new rule for an $8 cap on credit card late ... the Biden administration’s crackdown on “junk fees.” ... Read More
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