Credit Card Late Fee Cut by Biden Administration Expected to Save Americans Billions – Click Here to Save!
Washington, D.C. – President Joe Biden announced the administration’s latest move to reduce credit card late fees, with estimated savings for American families amounting to $10 billion annually. The Consumer Financial Protection Bureau finalized a rule that is expected to lower the typical $32 late fee to $8. During a meeting with the Competition Council, President Biden emphasized that over 45 million Americans could save an average of $220 per year due to this rule …