US judge blocks rule capping credit card late fees at $8
==========

A federal judge in Texas has blocked the Consumer Financial Protection Bureau's new rule capping late fees on credit cards at $8. The rule was scheduled to take effect on Monday but was blocked by U.S. District Judge Mark Pittman in Fort Worth. The rule had been opposed by the U.S. Chamber of Commerce, the American Bankers Association, and other business groups. Judge Pittman, appointed by former President Donald Trump, issued a preliminary injunction against the rule, stating that the agency exceeded its authority.



https://www.investing.com/news/economy/us-judge-blocks-rule-capping-credit-card-late-fees-at-8-3435551 

 nostr:note17zyemjlxaythrcpgrtu897p50c5tzcj4j4nj4w3eq4e7zmjgzwzse972u3