Chet wordmark with orange bowtie Chet wordmark with orange bowtie

Biden Administration to Propose Rule to Lower Credit-Card Late Fees - WSJ

“Many Americans believe these fees are just plain wrong,” CFPB director Rohit Chopra said Tuesday in a preview of the late-fee proposal.

Except they haven’t voted with their wallets and switched cards or traded out for debit. So now the government is going to get involved in this private contract and “help?” It’s just moving the pea.

All Posts