Christian Fletcher

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CFPB Agrees To Eliminate $8 Cap on Credit Card Late Fees

On April 15, 2025, the U.S. District Court for the Northern District of Texas vacated a Consumer Financial Protection Bureau (CFPB) rule that capped credit card late fees at $8....more

5/5/2025  /  Administrative Procedure Act , Consumer Financial Protection Bureau (CFPB) , Credit Cards , Deregulation , Final Rules , Financial Services Industry , Judicial Authority , Late Fees , Regulatory Requirements

Chamber of Commerce Sues CFPB To Eliminate or Enjoin $8 Late Fee Cap

Last week, the U.S. Chamber of Commerce (Chamber) joined five other trade associations to sue the Consumer Financial Protection Bureau (CFPB) and its director Rohit Chopra in Texas Federal District Court, seeking a court...more

3/18/2024  /  Chamber of Commerce , Consumer Financial Products , Consumer Financial Protection Bureau (CFPB) , Credit Cards , Fee Caps , Final Rules , Financial Services Industry , Late Fees , Preliminary Injunctions , Statutory Authority
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