Credit card late fees capped at $8 under Biden crackdown on 'junk fees'
Credit card late fees capped at $8 under Biden crackdown on 'junk fees'
www.usatoday.com Credit card late fees capped at $8 under Biden crackdown on 'junk fees'
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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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.
They actually should, because they already change interest far in excess of LIBOR.
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