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News@lemmy.world • 4 months ago

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

www.usatoday.com

876

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

www.usatoday.com

@return2ozma@lemmy.world to

News@lemmy.world • 4 months ago

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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varoth
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10•4 months ago
Okay. Why can’t they just get rid of the fees altogether? Why do we need to have ANY kind of junk fees for anything? Oh wait, I know. To make rich people richer.
- @iopq@lemmy.world
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  4•4 months ago
  They actually should, because they already change interest far in excess of LIBOR.

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