CFPB $8 late fee cap edges toward reality
Payments Dive
APRIL 17, 2024
Despite an industry-backed lawsuit seeking to stop the Consumer Financial Protection Bureau’s new $8 late fee rule, bank card issuers are bracing for potential implementation.
Payments Dive
APRIL 17, 2024
Despite an industry-backed lawsuit seeking to stop the Consumer Financial Protection Bureau’s new $8 late fee rule, bank card issuers are bracing for potential implementation.
Payments Dive
FEBRUARY 1, 2023
The Consumer Financial Protection Bureau proposed a new rule that would effectively cap credit card late fees and potentially save Americans $9 billion.
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Payments Dive
MAY 13, 2024
The 5th Circuit Court of Appeals blocked the Consumer Financial Protection Bureau’s $8 late fee cap on Friday, but the federal agency said it will continue to “defend” the rule.
Payments Dive
DECEMBER 14, 2023
“I want that shoe to drop so we can start mitigating that issue,” Bread CEO Ralph Andretta said last week, as the industry awaits the CFPB’s final rule.
Finextra
APRIL 16, 2025
A US judge has killed of a Consumer Financial Protection Bureau rule capping credit card late fees at $8.
Payments Dive
JULY 18, 2023
The CEO of the private label card issuer expects a final rule on the CFPB’s proposed credit card late fee cap later this year, and litigation could follow, he said.
The Nilson Report
APRIL 18, 2025
The post Texas Judge Throws Out Rule That Would Have Capped Credit Card Late Fees appeared first on Nilson Report.
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