Credit card late fees capped at $8 under new Biden rule – AL.com
Credit card holders will soon see significantly lower late fees due to new rules from the Biden administration. of Consumer Financial Protection Bureau On Tuesday, it finalized rules that would reduce late fees charged by credit card companies from an average of $32 to a maximum of $8. The CFPB says the change will save […]
Wells Fargo consent decree eased by Office of the Comptroller of the Currency – AL.com
The Biden administration has eased some restrictions on Wells Fargo, saying the bank has sufficiently revised its toxic culture after years of scandal. Wells Fargo’s stock soared Thursday on the news, with investors speculating that the bank, which has been under heavy regulatory thumbs for years, could restore its reputation and start growing again. did. […]