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News@lemmy.world · 11 months ago

Billions are on the line for lenders as White House finalizes credit card late fee cap of $8

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Billions are on the line for lenders as White House finalizes credit card late fee cap of $8

return2ozma@lemmy.world to

News@lemmy.world · 11 months ago

Billions are on the line for lenders as White House finalizes credit card late fee cap

The Consumer Financial Protection Bureau is facing banks, credit unions and credit card companies in its push to limit late fees.

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ohlaph@lemmy.world
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11 months ago
The banks won’t take a billions hit, they will simply start charging for something else.
- Billiam@lemmy.world
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  11 months ago
  It’s not a “late fee”, it’s a “past due convenience charge”!
  - einlander@lemmy.world
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    11 months ago
    An account restoration fee.

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