Federal Judge Halts New Rule on Credit Card Late Fees that Would Have Saved Consumers $14 Billion Annually
By Charlene Crowell Reactions to the injunction marked a clear divide between corporate business interests that claimed and cheered a legal victory while many government and consumer groups saw the decision as harmful to the more than 167 million consumers who have credit cards. CFPB seeks to lower credit card late fees to $8 per month, instead of […]
