Fintech Nexus Publication (March 5, 2024): CFPB makes good on promise to cap bank card late charges
[ad_1] The CFPB continues its assault on all types of junk charges charged by banks. This time they’re focusing on bank card late charges. In a long-anticipated transfer, this morning the CFPB unveiled a brand new rule that will cap bank card late charges at $8 per incident. The common proper now’s round $32, so this might…