News@lemmy.world · 10 months ago

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

www.usatoday.com

122

876

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

www.usatoday.com

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News@lemmy.world · 10 months ago

122

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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10 months ago
5% is the interest rate right now, so it’s not out of the air

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