JPM - U.S. district court judge blocks rule capping credit card late fees at $8
2024-05-11 10:22:28 ET
A U.S. district court judge has temporarily put a stop to the Consumer Financial Protection Bureau's (CFPB) cap on excessive credit card late fees, in a move that would mark a big win for major banks and card issuers that stood to lose billions due to the ban....
U.S. district court judge blocks rule capping credit card late fees at $8