By Lisa Gerstner From Kiplinger’s Personal Finance Failing to pay your credit card bill on time can result in a hefty fee. The amount varies by card, but under federal rules, issuers can currently charge up to $30 for the first late payment and up to $41 for subsequent late payments within six months. The…
Biden Administration Wants Credit Card Late Fees Slashed to $8
February 1, 2023
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The Biden administration wants credit card late fees to be slashed to $8 and for Apple and Google to reduce the amount they charge on their mobile app stores. White House officials stated that this is part of a larger policy effort to promote competition in consumer markets. President Joe Biden’s Competition Council announced on…
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