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- ・ The Consumer Financial Protection Bureau unveiled a new rule in March that it said would cap the typical late fee that banks charge customers at $8 per incident
- ・ By cutting late fees to $8 from an average of around $32, more than 45 million card users would save an average of $220 annually, the CFPB said in a release
- ・ https://cnb.cx/3P6qcZc
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The Consumer Financial Protection Bureau unveiled a new rule in March that it said would cap the typical late fee that banks charge customers at $8 per incident. By cutting late fees to $8 from an average of around $32, more than 45 million card users would save an average of $220 annually, the CFPB said in a release. https://cnb.cx/3P6qcZc