ATR Supports Fight Against CFPB’s Credit Card Late Fee Rule
Americans for Tax Reforms - 2024-04-17T12:02:00.000Z

Without any direction from Congress, the Consumer Financial Protection Bureau (CFPB) finalized a  rule that (1) changes the safe harbor dollar amount for late fees from $30, or $41 for subsequent late payment violations, to a strict threshold of $8 while prohibiting any higher amount for future delinquencies; and (2) removes the safe harbor late […] Read this story