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Credit card late fees capped at $8 under Biden crackdown on 'junk fees'

www.usatoday.com Credit card late fees capped at $8 under Biden crackdown on 'junk fees'

The Biden administration finalized a rule Tuesday that will close a loophole to slash fees charged by companies from an average of $32 to $8.

Credit card late fees capped at $8 under Biden crackdown on 'junk fees'
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  • Full disclosure: Trump bad! Biden good!

    Impressive considering he reports directly to MBNA.
    The article misrepresents it a bit because he didn't just back it. He actually WROTE that bill.

    • BAPCPA made it harder for consumers to file for Chapter 7 by imposing a “means test” for Chapter 7 eligibility, and by substantially increasing the cost of filing for bankruptcy.

      BAPCPA’s passage was one of Biden’s long-sought goals as a senator. Not only did Biden vote for the legislation four times between 1998 and 2005, but he was so singularly committed to its success that he inserted it into a foreign-relations bill in 2000, and later was the sole Democrat on the Senate Judiciary Committee to vote for the bill.

      Biden also consistently voted against efforts to soften BAPCPA’s blow on vulnerable populations

      Lmao

      • Full disclosure: TRUMP bad! Biden GOOD!.

        It’s why I never voted for that piece of shit. The very architect of my indentured servitude (presumably but not demonstrably) wanted and wants my vote. Wouldn’t even piss on him if he was on fire. On fire much like Aaron Bushnell who set himself on fire trying to break through this country’s propaganda wall to bring attention to a literal genocide enabled by the executive orders from this same piece of shit Zionist.

        How far gone is electoralism in the US when the incumbent can run virtually unopposed while enthusiastically enabling a historically brutal genocide?

        Fun days ahead!

        voat!

    • Don't forget this article:

      How Joe Biden helped build a financial system that’s great for Delaware banks and terrible for the rest of us.

      https://www.motherjones.com/politics/2019/11/biden-bankruptcy-president/

      • Full disclosure: Trump bad! Biden good!

        I think people are downvoting you because you didn’t start with that disclosure.

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