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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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NullPointer@programming.dev
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8 months ago
they’ll just charge 40% interest on that late fee.
- mommykink@lemmy.world
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  8 months ago
  And then drop your credit score 120 points for a single missed payment. That’s the problem with credit cards that needs to be fixed.

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