In a groundbreaking move, the Biden Administration has announced a policy revision to substantially lower credit card late fees to a maximum of $8, a dramatic reduction from the previously allowed ...
'Fees can be like whack-a-mole,' analyst says. 'One goes down, another comes up.' Some of the biggest clothing and department-store chains rely on their own private-label credit cards to cushion ...
The Consumer Financial Protection Bureau has taken a series of actions to cut excessive and hidden junk fees in the financial ...
The $8 cap, which only applies to large card issuers with more than 1 million open accounts, is 75 percent less than the current average late fee of $32. The CFPB estimates the rule would save ...
A final rule was released in late March but had not been published in the Federal Register until Wednesday. The Bureau of ...
March 26 (Reuters) - The U.S. Chamber of Commerce has turned to a conservative appeals court for help as it tries to fend off the potential transfer of its lawsuit challenging a new Biden ...
NEW YORK — A Texas federal judge on Thursday accused the major banking industry groups and U.S. Chamber of Commerce of venue shopping in their lawsuit against the Consumer Financial Protection ...
March 29 (UPI) --New heavy-duty vehicles like freight trucks and buses will be subject to enhanced greenhouse gas pollution standards, the Environmental Protection Agency announced Friday.
Some of the biggest clothing and department-store chains rely on their own private-label credit cards to cushion their bottom lines. Those cards, often laden with incentives, keep shoppers coming ...