The rule to save Americans $10 billion a year in late fees faces a possible last-minute freeze

Consumer Financial Protection Bureau

agency of the United States government responsible for consumer protection in the financial sector

MSNBC

May 9, 2024, 6:41 PM

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CFPB rule to save Americans $10 billion a year in late fees faces possible last-minute freeze

A Consumer Financial Protection Bureau regulation that promised to save Americans billions of dollars in late fees on credit cards faces a last-ditch effort to stave off its implementation.

CNBC

May 9, 2024, 2:08 PM

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CFPB rule to save Americans $10 billion a year in late fees faces possible last-minute freeze

The credit card regulation is part of President Joe Biden's broader election-year war against what he deems junk fees.

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