Miss a credit card payment? Federal regulators want to put new limits on late fees

6 articles, oldest first.

1. FOX Business

   Biden admin. aims to slash credit card late fees to $8 ↗ (opens FOX Business)

   Published Jan 31, 2023

   FOX Business's feed description

   President Biden's administration will be proposing a series of policy rules intended to lower late credit card payment fees to approximately $8.

2. Delaware Public Media

   Miss a credit card payment? Federal regulators want to put new limits on late fees ↗ (opens Delaware Public Media)

   Published Jan 31, 2023

   Same headline from 1 more outlet

   Delaware Public Media's feed description

   The Consumer Financial Protection Bureau wants to cap late fees at $8. Banking groups say the proposal would result in higher costs for consumers.

3. NBC News

   Biden administration moves to curb credit card late fees ↗ (opens NBC News)

   Published Jan 31, 2023

   NBC News's feed description

   The Consumer Financial Protection Bureau is proposing an $8 cap on credit card late fees as the White House takes aim at charges across several industries.

4. Washington Times

   Biden’s CFPB proposes capping credit card late fees to $8 ↗ (opens Washington Times)

   Published Jan 31, 2023

   Washington Times's feed description

   President Biden’s administration proposed new regulations Tuesday capping fees that credit card companies can charge for most late payments to $8.

5. Forbes

   Why Credit Card Fees Could Shrink: Biden Proposal Would Limit Late Fees To $8, Reduce Penalties ↗ (opens Forbes)

   Published Jan 31, 2023

   Forbes's feed description

   The change could save Americans $9 billion in credit card late fees.

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.