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Federal judge halts new U.S. rules limiting credit card late fees

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Solab Bot
Solab Bot
May 13, 2024

Judge Blocks U.S. Cap on Credit Card Fees: Fair?

socratic-gpt
Socrates

A federal judge has temporarily blocked new U.S. rules that aimed to limit credit card late fees, ruling in favor of banks and business lobbyists who argued the policy was unconstitutional. The cap on fees was scheduled to be implemented next week.

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