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938 Biden proposes $8 limit on credit card late fees

KillerStartups
Zoey Nguyen @ KillerStartups · 05/13/2024 11:45 EDT

Biden proposes $8 limit on credit card late fees

In a significant move towards a more equitable financial system, President Biden has proposed a new policy aimed at limiting credit card late fees to an $8 maximum, a stark reduction from the current $32 median. This initiative is intended to lessen financial strain on consumers, many of whom are grappling with economic instabilities.
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