SELECT LANGUAGE BELOW

GOP effort to halt UNRWA funding emerges as late shutdown threat

Funding for the United Nations agency providing relief to Palestinian refugees (UNRWA) has emerged as a serious hurdle as parliamentary negotiators scramble to prevent a partial government shutdown next weekend. Republicans are pushing to block further funding to UNRWA following allegations that dozens of its staff took part in a Hamas attack on Israel last […]

Chamber, business groups sue CFPB over credit card late fee cap

A group of businesses has sued the Consumer Financial Protection Bureau (CFPB) over a new rule that caps credit card late fees charged by major issuers. The consumer watchdog group finalized a rule Tuesday that would cap late fees at $8, 75 percent lower than the average $32. The CFPB estimates that this rule will […]

CFPB finalizes rule capping credit card late fees at $8 on average

The CFPB’s new rules close loopholes that allow banks to charge exorbitant late fees. (iStock) The Consumer Financial Protection Bureau (CFPB) is finalizing rules that will limit the amount of late fees consumers can be charged. The rule limits late fees to 25% of the required payment and ends automatic inflation adjustments to these fees, […]

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 […]