return2ozma@lemmy.world to News@lemmy.world · 8 months agoCredit card late fees capped at $8 under Biden crackdown on 'junk fees'www.usatoday.comexternal-linkmessage-square21fedilinkarrow-up10arrow-down10
arrow-up10arrow-down1external-linkCredit card late fees capped at $8 under Biden crackdown on 'junk fees'www.usatoday.comreturn2ozma@lemmy.world to News@lemmy.world · 8 months agomessage-square21fedilink
minus-squarego $fsck yourself@lemmy.worldlinkfedilinkEnglisharrow-up0·8 months agoGreat step forward. Now eliminate debit card overdrafting and those fees.
minus-squareUnderpantsWeevil@lemmy.worldlinkfedilinkarrow-up0arrow-down1·8 months ago The U.S. Chamber of Commerce said it would be filing a lawsuit against the CFPB "to prevent this misguided and harmful rule from going into effect.” Don’t hold your breath. The current state of the judiciary is nakedly hostile to administrative law generally and bank regulations specifically. Keep an eye on Consumer Financial Protection Bureau v. Community Financial Services Association of America, Limited. Might not even have the CFPB for much longer.
Great step forward. Now eliminate debit card overdrafting and those fees.
Don’t hold your breath. The current state of the judiciary is nakedly hostile to administrative law generally and bank regulations specifically.
Keep an eye on Consumer Financial Protection Bureau v. Community Financial Services Association of America, Limited. Might not even have the CFPB for much longer.