New Regulation Caps Credit Card Late Fees At $8 – Forbes Advisor – Technologist
In a move that’s expected to save Americans $10 billion annually, the Consumer Finance Protection Bureau (CFPB) is capping credit card late fees at $8 per occurrence. This represents approximately a 75% reduction from the current average fee of $32 and will save American families who have missed payment deadlines, on average, about $220 per … Read more