CFPB’s contentious credit card rule will face stiff challenge

The future of the Consumer Financial Protection Bureau’s final credit card late fee rule may be decided in the courts.

Or by Congress.

Or by voters in the 2024 Election.

On March 5, the CFPB issued its final rule governing credit card late fees. The rule will lower most credit card late fees to $8.00 at financial institutions with more than one million open accounts. The 338-page rule is effective 60 days after it is published in the Federal Register.


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