News@lemmy.world · 9 months ago

Credit card late fees capped at $8 under Biden crackdown on 'junk fees'

www.usatoday.com

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Credit card late fees capped at $8 under Biden crackdown on 'junk fees'

www.usatoday.com

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News@lemmy.world · 9 months ago

123

The Biden administration finalized a rule Tuesday that will close a loophole to slash fees charged by companies from an average of $32 to $8.

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BigMikeInAustin@lemmy.world
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9 months ago
Have to start somewhere. This might move the fees upfront and keep people from getting trapped when the person doesn’t read all the fine print.

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