Billions are on the line for lenders as White House finalizes credit card late fee cap
www.cnbc.com
The Consumer Financial Protection Bureau is facing banks, credit unions and credit card companies in its push to limit late fees.
  • Artyom@lemm.ee
    3·
    11 months ago

    Should be 0. If you’re late on a payment, you pay compounding interest. The idea that you can somehow charge a fee on top of that is absolutely insane.