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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

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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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9 months ago
It’s ridiculously cheap to process a check online. If they’re really trying to tell me it costs them 5 dollars to process a fucking check, they’re getting completely screwed. So it’s either lying and greed or unbelievable incompetence.

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