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Analysis

5 Things To Know About CFPB's Cut To Credit Card Late Fees

By Jon Hill (March 5, 2024, 10:31 PM EST) -- The Consumer Financial Protection Bureau's new rule to cut credit card late fees has ignited a banking industry firestorm, with at least one trade group warning it will "imminently" sue. Here are five things to know as the fallout from the rule begins to take shape. ...

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