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Credit Card Act Credit Cards Consumer Financial Protection Bureau (CFPB)

Buchalter

CFPB Proposes Limiting Credit Card Late Fees to $8 Per Late Payment

Buchalter on

On February 1, the CFPB issued a proposed rule to cut the “safe harbor” amount that banks and credit card companies can charge for late fees. If finalized, the proposed rule would reduce the maximum safe harbor limit for...more

Ballard Spahr LLP

CFPB issues final rule excluding credit card pre-account opening fees from 25% limit

Ballard Spahr LLP on

The CFPB has published a final rule in today’s Federal Register amending Regulation Z (Truth in Lending) to remove fees paid before a credit card account is opened from the scope of the 25% limit on total fees that may be...more

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