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2. Biden administration slashes credit card late fees to $8 ...

   www.aol.com/finance/biden-administration-slashes...

   The Consumer Financial Protection Bureau finalized a rule limiting credit card late fees to $8. The move could save 45 million people an average $220 per year on late fees.

3. Judge blocks Biden administration rule capping credit card ...

   www.aol.com/judge-blocks-biden-administration...

   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.

4. Biden admin cements new rule to limit credit card late fees

   www.aol.com/biden-admin-cements-rule-limit...

   The CFPB found that credit card fees have been going up since 2009 when credit card laws were overhauled in the CARD Act. In 2022, credit card companies charged consumers an all-time high of $130 ...

5. New rule caps credit card late fees at $8. Here's how ... - AOL

   www.aol.com/rule-caps-credit-card-fees-072003810...

   May 13, 2024 at 3:20 AM. Credit card late fees will now be capped at $8 thanks to a new rule instated by the Consumer Financial Protection Bureau (CFPB). Starting Tuesday, May 14, large card ...

6. Credit card late fees capped at $8 as part of Biden ... - AOL

   www.aol.com/finance/credit-card-fees-capped-8...

   March 5, 2024 at 2:21 PM. Poike/iStockphoto/Getty Images. Federal regulators finalized a rule on Tuesday to cap most credit card late fees at $8 as part of a broader push by the Biden ...

7. Regulator would cap credit card late fees at $8, part of ...

   www.aol.com/news/regulator-proposes-capping...

   The Consumer Financial Protection Bureau's new regulations will set a ceiling of $8 for most credit card late fees or require banks to show why they should charge more than $8 for such a fee.

8. Will CFPB’s $8 cap on credit card late fees encourage late ...

   www.aol.com/finance/cfpb-8-cap-credit-card...

   March 7, 2024 at 3:22 PM. On March 5, 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule capping credit card late payment fees at $8 for the biggest card issuers after inviting ...

9. Credit card issuers push back on $8 late fee cap with new ...

   www.aol.com/credit-card-issuers-push-back...

   By contrast, the average credit card rate on a general purpose card or bank-branded card has hit 20.66% — up from 20.23% a year ago and 16.4% on May 1, 2022, according to Bankrate.com data.