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After a review of market data, the CFPB finalized a rule that would have capped late fees at $8 and ended automatic inflation ...
A Texas judge earlier this month threw out a federal rule that would have capped credit card late fees at $8.Related video above: Credit card security feature protects you from scammersThe ...
Banks and industry groups argued that the rule didn't allow card issuers to charge fees high enough to deter late payments and discourage repeat violations. The Texas judge's ruling earlier this ...