As previously discussed, the CFPB issued a final rule in March 2024, which, among other things, capped credit card late fees charged by “large card issuers” to $8.00. A group of trade ...

The Consumer Financial Protection Bureau issued a proposed rule that would protect consumers from abusive contract provisions ...

The Consumer Financial Protection Bureau withdrew guidance from President-elect Donald Trump’s first term limiting fee ...

For instance, a rule capping credit card late fees at $8 per incident that was set to take effect in May has been held up in federal court. The CFPB said its overdraft rule will take effect Oct. 1 ...

On December 30, 2024, the Consumer Financial Protection Bureau (CFPB) published a final rule that may dramatically change the way that certain ...

New government regulations are slashing the late fees charged by many credit card companies. On March 5, 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule limiting the penalty ...

Banks also are emboldened because of a ruling last week in which a federal judge sided with industry and held that the CFPB's $8 credit card late fee rule violates the law. In addition to the lawsuit, ...

The rule will take effect on October 1, 2025. Since the CFPB began tackling junk fees, many banks have reduced ... through the mail may have arrived late. Over the past few decades, these highly ...

The CFPB said this new rule is expected to generate $5 billion in annual overdraft fee savings for consumers ... sent through the mail may have arrived late." Get a brief on the top business ...

The Consumer Financial Protection Bureau offered two other options ... by the banking industry. A March rule that would cap credit card late fees at $8 prompted a lawsuit, and a federal judge ...

In March 2024, the Consumer Financial Protection Bureau (CFPB) issued a final rule lowering the typical credit card late fee from $32 to $8 for major credit card issuers. The new regulation was ...

Earlier this year, the CFPB finalized a rule that sets a “threshold” of $8 for credit card late fees that can be imposed by large card issuers, and eliminates automatic inflation increases.