Judge Scraps US Rule Capping Credit Card Late Fees at $8
Demonstrators take part in a protest by the Consumer Financial Protection Bureau (CFPB) building, the day after members of Elon Musk's Department of Government Efficiency (DOGE) moved into the CFPB, in Washington, U.S. February 8, 2025. (REUTERS File)
Share
|
Getting your Trinity Audio player ready...
|
(Reuters) – A federal judge on Tuesday threw out a U.S. Consumer Financial Protection Bureau rule capping credit card late fees at $8, after the agency agreed with opponents that the rule adopted during President Joe Biden’s administration was illegal.
U.S. District Judge Mark Pittman in Fort Worth, Texas granted a joint request by the CFPB and a coalition of business and banking groups including the U.S. Chamber of Commerce and American Bankers Association to scrap the rule.
—
(Reporting by Jonathan Stempel in New York)
RELATED TOPICS:
Categories
Latest
Videos
Opinion /
41 minutes ago
Why Is It So Expensive to Build Affordable Homes in CA? It Takes Too Long
Crime /
53 minutes ago
Tulare County Couple Arrested After Baby Tests Positive for Cocaine
Local /
2 hours ago
How Picnickers and Anglers Can Skip the Gate to Lakes McClure and McSwain
Politics /
2 hours ago
Exclusive: Top Hegseth Advisor Dan Caldwell Put on Leave in Pentagon Leak Probe
Inspire /
2 hours ago
Homeless Man Wins Life-Changing $1 Million on Lottery Scratcher in SLO
Latest /
3 hours ago
