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U.S. caps credit card late charges in new Biden crackdown on junk fees

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washingtonpost.com/business/2024/03/05/credit-card-fees-cap-8-month

The U.S. government on Tuesday announced it would sharply limit the fees that credit card companies can charge customers who fall behind on their bills, aiming to cap the penalties at $8 in a move that is expected to draw fierce resistance from financial giants. Get a curated selection of 10 of our best stories in your inbox every weekend. The rules arrive as part of a suite…

This story from washingtonpost.com was posted on 2024-03-05 by @firefly.

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