Finance General United States

Credit card late fees will be capped to $8 from average paid $32

45 million American families can save $220 per year for late payment of their credit cards after the Federal regulators issued a new rule to effect 60 days after its publication in the Federal Register. “On March 5, 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule limiting the penalty for late payment to $8 […]