))
GOOD NEWS: Credit Card LATE FEES Limited to $8 Under New Federal Rule!
Manage episode 405046493 series 3408626
Content provided by Logan Allec. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Logan Allec or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
Today, the Consumer Financial Protection Bureau (CFPB) announced that it is banning excessive credit card late fees, lowering the typical fee from $32 to $8. The rule that the CFPB finalized today will close a 2010 loophole exploited by credit card companies to charge consumers as much as $41 for a single late fee. This CFPB rule, however, is expected to face significant challenges from Republican lawmakers as well as corporate interests. Learn more about what this means for you in this episode.
120 episoade
Distribuie
