Tag Archives: late

Proposed federal rule would lower credit card late fees – money.andronezia.com

As Americans continue to struggle with high credit card rates, the Bureau of Consumer Financial Protection has proposed rules to help offset some of their financial burden — in the form of lower late fees. That new rules will limit late fees to $8. Currently credit card companies can charge up to $41 — a… Read More »

U.S. CFPB’s bid to curb late credit card fees faces strong opposition – money.andronezia.com

March 06 (Reuters) – A US consumer watchdog’s proposal to slash late fees on credit cards faces a rocky road ahead as lenders prepare for what could turn into a pitched battle with the agency, industry experts and analysts said. Last month, the Bureau of Consumer Financial Protection said it was looking to curb “excessive”… Read More »