Democratic senators introduce bill to lower credit card late fee cap
By ABA Banking Journal Staff
AI Summary
Three Democratic senators have introduced legislation to lower the cap on credit card late fees to $8; this rule was previously implemented during the Biden administration.
Texas Relevance
The article does not explicitly mention Texas, TX, TCUD, or any Texas-specific entities. The proposal is a national issue.
Original Content
Three Democratic senators have introduced legislation to revive a Biden-era rule that would lower the cap on credit card late fees to $8. The post Democratic senators introduce bill to lower credit card late fee cap appeared first on ABA Banking Journal .