Major Win for Consumers: Credit Card Late Fees Reduced by CFPB Ruling Under new regulations introduced by the Joe Biden administration, millions of Americans will see a reduction in credit card fees. The White House announced that the Consumer Financial Protection Bureau (CFPB) has completed a ruling that significantly lowers the standard credit card late fee from an average of $32 down to $8. This move aims to alleviate the financial burden on consumers and marks a substantial shift in credit card fee policies. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts February Sees First Drop in Consumer Confidence Since November, Signaling Economic Unease READ MORE European Central Bank should cut in June to avoid falling behind inflation curve, policymaker says READ MORE Here’s why high interest rates haven’t caused a US recession READ MORE Recent Higher Inflation Numbers Haven’t ‘Really Changed the Overall Story’ READ MORE UK inflation falls more than expected, hits lowest in nearly two-and-a-half years READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment