Video: Biden caps credit card late fees at $8

By The Nevadan Staff

March 25, 2024
@nevadannews

The Biden administration on Tuesday announced a finalized rule that will cap most credit card late fees at $8, the latest in a series of efforts by the White House to cut down on “junk fees” that saddle middle- and working-class Americans with extra costs. First proposed in July, the Consumer Protection Bureau (CFPB) estimates that the final regulation will save American families more than $10 billion a year by cutting fees from an average of $32. @ogofthehrc has more! Click the link in our bio to read more.

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