Home / Finance / The rule capping credit card late fees at $8 is on hold — here’s what it means for you

The rule capping credit card late fees at $8 is on hold — here’s what it means for you

May 11, 2024 Finance

The outcome preserves, at least for now, a key revenue stream for the U.S. card industry. The CFPB said the rule would've saved Americans $10 billion a year.

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