1.0CLP Bloghttps://clpblog.citizen.orgAllison ZieveCFPB proposes to rein in credit card late fees - CLP Blogrich600338<blockquote class="wp-embedded-content" data-secret="CKhLnJtjMw"><a href="https://clpblog.citizen.org/cfpb-proposes-to-rein-in-credit-card-late-fees/">CFPB proposes to rein in credit card late fees</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://clpblog.citizen.org/cfpb-proposes-to-rein-in-credit-card-late-fees/embed/#?secret=CKhLnJtjMw" width="600" height="338" title="“CFPB proposes to rein in credit card late fees” — CLP Blog" data-secret="CKhLnJtjMw" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
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The Consumer Financial Protection Bureau proposed today “a rule to curb excessive credit card late fees that cost American families about $12 billion each year. Major credit card issuers continue to profit off late fees that are protected by an expansive immunity provision. Credit card companies have also relied on this provision to hike fees [...]