News@lemmy.world · 8 months ago

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

www.usatoday.com

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

www.usatoday.com

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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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This is great and all, but yeah. This is “yay, the world is very slightly less crappy.”
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  Would you rather nothing was done?

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