Remove Credit Union Remove Federal Trade Commission Remove Junk Fees
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CFPB Finalizes Rule Limiting Credit Card Late Fees

Global Fintech & Digital Assets

Challenges Expected Like the original proposal, the Rule is facing intense criticism from market participants and trade groups representing banks and credit unions. Conclusion The Rule is another win for the consumer financial regulator against what it calls “junk fee harvesting” in the banking and credit sectors.

CFPB 59