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Consumer Financial Protection Bureau targets excessive credit card fees in new rule proposal

Por: CNBC Politics February 01, 2023

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Signage at the Consumer Financial Protection Bureau (CFPB) headquarters in Washington, D.C.Andrew Kelly ReutersWASHINGTON — The federal government's consumer protection watchdog proposed a on Wednesday to ban excessive credit card late fees, potentially reducing them by as much as $9 billion per year.Congress banned exorbitant credit card fees under the Credit CARD Act in 2009, but an immunity provision instituted by the Federal Reserve... + full article



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