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Hidden Fees Credit Cards

Fenwick & West LLP

California’s Hidden Fee Ban: FAQs and Guidance

Fenwick & West LLP on

On July 1, 2024, California’s law banning hidden fees took effect. Under the Consumer Legal Remedies Act (CLRA), SB 478 provides that businesses transacting with California consumers may not apply additional fees or charges...more

Cozen O'Connor

The State AG Report – 5.16.2024

Cozen O'Connor on

Here are curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: • CFPB Reports “Doom Loops” and Other Harmful Practices in...more

Venable LLP

Drip Pricing, Surcharging, and the Push for “Total Price” Disclosures

Venable LLP on

One of the questions that remains uncertain among looming federal and state “junk fee” and “drip pricing” bans in 2024 concerns the impact these rules will have on credit card surcharges. Surcharges are added to sale...more

McGlinchey Stafford

“Junk Fee” Revolution Continues: CFPB Issues Final Rule Limiting Late Fees on Credit Cards

McGlinchey Stafford on

Tuesday, the Consumer Financial Protection Bureau (CFPB) issued a Final Rule capping most credit card late fees at $8. The CFPB believes its new rule may save consumers more than $10 billion a year in late fee charges for an...more

Cozen O'Connor

Credit Card Surcharging Regulatory Changes Create Both Risks and Opportunities for Businesses

Cozen O'Connor on

Credit card surcharging has increasingly gained the attention of consumers, businesses, and regulators over the past few years, and for good reason. As inflation continues to squeeze businesses and consumers alike, many...more

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