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2. 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 5:21 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 ...

3. 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.

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. Durbin amendment - Wikipedia

   en.wikipedia.org/wiki/Durbin_amendment

   The Durbin amendment, implemented by Regulation II, [1] is a provision of United States federal law, 15 U.S.C. § 1693o-2, that requires the Federal Reserve to limit fees charged to retailers for debit card processing. It was passed as part of the Dodd–Frank financial reform legislation in 2010, as a last-minute addition by Dick Durbin, a ...

6. Payment card interchange fee and merchant discount antitrust ...

   en.wikipedia.org/wiki/Payment_Card_Interchange...

   The payment card interchange fee and merchant discount antitrust litigation is a United States class-action lawsuit filed in 2005 by merchants and trade associations against Visa, Mastercard, and numerous financial institutions that issue payment cards. The suit was filed because of price fixing and other allegedly anti-competitive trade ...

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

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

   The new rule would apply to large credit card issuers — those with more than 1 million accounts. These companies represent more than 95% of total outstanding credit card debt, according to the CFPB.