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A federal judge in Fort Worth, Texas, on Friday blocked a new Biden administration rule that would prohibit credit card companies from charging customers late fees higher than $8.
The payment card interchange fee and merchant discount antitrust litigation is a United States class-action lawsuit filed in 2005 by merchants and trade associations against Visa, Mastercard, and numerous financial institutions that issue payment cards.
Starting Tuesday, May 14, large card issuers can't charge you more than $8 if you're late on your credit card payments. Families throughout the U.S. will save an estimated $10 billion in late...
The CFPB announced that it will close a loophole that costs Americans more than $14 billion per year in late fees on their credit cards, writes Ed Mierzwinski.
Zazzle is an American online marketplace that allows designers and customers to create their own products with independent manufacturers (clothing, posters, etc.), as well as use images from participating companies.
The Consumer Financial Protection Bureau finalized a rule limiting credit card late fees to $8. The move could save 45 million people an average $220 per year on late fees.