"Biden's Credit Card Late Fee Cap Faces Legal Challenge from Trade Groups and Business Associations"
TL;DR Summary
President Biden aims to cap credit card late fees at $8, but the banking industry is suing to block the move, arguing that the Consumer Financial Protection Bureau lacks the authority to set such limits. The lawsuit comes as part of a broader effort by the Biden administration to strengthen consumer protections in the financial sector.
- Biden wants to cap credit card late fees at $8. Guess who's suing to stop him? Daily Kos
- Biden tackles inflation by targeting hidden fees. Will voters notice? ABC News
- Trade Groups Sue to Block Credit Card Late Fee Limit The New York Times
- Chamber, business groups sue CFPB over credit card late fee cap The Hill
- CBS News poll finds voters remember Trump's economy as good, boosting Trump to national lead over Biden today CBS News
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