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Credit Card Late Fee Cap Tossed After CFPB, Banking Groups’ Deal
https://news.bloomberglaw.com/banking-law/credit-card-late-fee-cap-tossed-after-cfpb-banking-groups-deal
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The CFPB’s agreement with banking industry groups to resolve a case over credit card late fees got a nod from a federal judge as he vacated a rule capping penalties issuers could charge customers for late payments.
