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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they'll just charge 40% interest on that late fee.
And then drop your credit score 120 points for a single missed payment. That's the problem with credit cards that needs to be fixed.
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