Gloria Han

Gloria Han

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CFPB Issues Credit Card Penalty Fee Final Rule, Reduces Late Fees to $8

What Happened? On March 5, 2024, the Consumer Financial Protection Bureau (“CFPB”) issued the Credit Card Penalty Fees Final Rule (“Final Rule”), which reduces the safe harbor for the maximum late fee that large credit card...more

3/29/2024  /  Consumer Financial Products , Consumer Financial Protection Bureau (CFPB) , Credit Cards , Final Rules , Financial Services Industry , Late Fees
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