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News@lemmy.world · 8 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

return2ozma@lemmy.world to

News@lemmy.world · 8 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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8 months ago
Yeah I freak out if I accidentally pay a card late. I can’t imagine the stress of missing that many payments a year. At some point, you’re just in a hole and digging to get yourself out.

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