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Feds To Limit CC Late Fees to $8
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Biden moves to limit credit fees to $8 for missed payments in latest "junk fee" crack down
📷USA TODAY|24 minutes ago WASHINGTON —The Biden administration wants to cap most credit card late fees at $8 for a missed payment, with federal regulators set to propose a rule to that effect on Wednesday.
How will the CC issuers respond? Fight it? Raise other fees? Limit incentives and rewards?
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