United States: Latest CFPB Rule Proposal Takes Aim At Credit Card Late Fees - Sheppard Mullin Richter & Hampton

United States: Latest CFPB Rule Proposal Takes Aim At Credit Card Late Fees - Sheppard Mullin Richter & Hampton

Mondaq

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On February 1, the CFPB announced a newly proposed rule aimed at ensuring that late fees charged on consumer credit card accounts are "reasonable and proportional" to late payments.

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