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News@lemmy.world · 9 months ago

Credit card late fees capped at $8 under Biden crackdown on 'junk fees'

www.usatoday.com

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Credit card late fees capped at $8 under Biden crackdown on 'junk fees'

www.usatoday.com

return2ozma@lemmy.world to

News@lemmy.world · 9 months ago

The Biden administration finalized a rule Tuesday that will close a loophole to slash fees charged by companies from an average of $32 to $8.

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varoth@lemmy.world
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9 months ago
Okay. Why can’t they just get rid of the fees altogether? Why do we need to have ANY kind of junk fees for anything? Oh wait, I know. To make rich people richer.
- iopq@lemmy.world
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  9 months ago
  They actually should, because they already change interest far in excess of LIBOR.

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