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Consumer Financial Protection Bureau Releases Final Rule Limiting Credit Card Late Fees | Kilpatrick

In March the Consumer Financial Protection Bureau (CFPB) announced a final rule intended to limit late payment fees on consumer credit cards distributed by the larger credit card.

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CFPB Issues Credit Card Penalty Fee Final Rule, Reduces Late Fees to $8 | Alston & Bird

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.

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