Judge scraps US rule capping credit card late fees at $8

$8 credit card late fee limit scrapped by Trump administration

The Consumer Financial Protection Bureau adopted the fee cap last year, estimating it would save households $10 billion a year.

Texas judge blocks federal rule intended to reduce credit card late fees

A federal judge in Texas vacated a Consumer Financial Protection Bureau (CFPB) regulation on Tuesday. The ruling by Judge Mark Pittman, a federal district court judge for the Northern District of Texas, removes many previous caps from credit card late fees. This comes amid a flurry of court decisions involving the CFPB, as the Trump administration aims to significantly reduce the agency’s scope. Tuesday’s ruling comes in response to a lawsuit fi…

Credit card late fee cap scrapped as Trump admin sides with Wall Street banks

Last month, President Trump tried to dismantle the bureau completely by slashing £100m in contracts and firing 70 employees

Texas judge throws out capped credit card fees

HOUSTON — A Texas judge threw out a federal rule Tuesday that would have capped credit card late fees after officials with President Donald Trump's administration and a coalition of major banking groups agreed that the rule was illegal.

Protesters Rally in Durham against Cuts to the Consumer Financial Protection Bureau

Dozens of protesters lined the sidewalk in front of Bank of America at the corner of Gregson Street and Club Boulevard in Durham Monday evening, waving signs to defend the agency responsible for regulating the institution looming behind them. The demonstration comes amid the Trump administration’s ongoing crusade to dismantle the Consumer Financial Protection Bureau (CFPB), which employs a number of Durham residents, including four federally app…

Judge scraps Biden-era rule capping credit card late fees: What to know

A federal judge has scrapped a rule from the Biden administration that would have placed a cap on credit card late fees.