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CFPB Bans Excessive Credit Card Late Fees, Lowers Typical Fee from $32 to $8 | Consumer Financial Protection Bureau
https://www.consumerfinance.gov/about-us/newsroom/cfpb-bans-excessive-credit-card-late-fees-lowers-typical-fee-from-32-to-8/
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The Consumer Financial Protection Bureau (CFPB) ) finalized a rule today to cut excessive credit card late fees by closing a loophole exploited by large card issuers.
