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Post by Pete on Mar 7, 2024 11:18:39 GMT
The banks and the credit card companies can’t say they weren’t warned. Only six weeks after the CFPB made it known that it wasn’t happy with the late fees they were charging consumers, it has officially lowered the boom.
The agency is finalizing a rule that will reduce typical late fees from a $32 average to, in most cases, $8.
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