consumer-financial-protection-bureau

New report from Sen. Casey’s office details the pervasiveness of ‘junk fees’

BY: - January 24, 2024

The Biden administration has pushed for a crackdown on junk fees, arguing they are burdensome for consumers.

 A proposed limit on credit card late fees could eventually help consumers burdened by credit card debt and inflation. (Photo by Joe Raedle/Getty Images)

Proposed federal rule would lower credit card late fees

BY: - February 7, 2023

The new rule would limit late fees to $8. Currently credit card companies can charge as high as $41