return2ozma@lemmy.world to News@lemmy.world · 10 months agoBillions are on the line for lenders as White House finalizes credit card late fee cap of $8www.cnbc.comexternal-linkmessage-square41fedilinkarrow-up1387arrow-down15
arrow-up1382arrow-down1external-linkBillions are on the line for lenders as White House finalizes credit card late fee cap of $8www.cnbc.comreturn2ozma@lemmy.world to News@lemmy.world · 10 months agomessage-square41fedilink
minus-squareohlaph@lemmy.worldlinkfedilinkarrow-up35arrow-down3·10 months agoThe banks won’t take a billions hit, they will simply start charging for something else.
minus-squareBilliam@lemmy.worldlinkfedilinkarrow-up16arrow-down1·10 months agoIt’s not a “late fee”, it’s a “past due convenience charge”!
The banks won’t take a billions hit, they will simply start charging for something else.
It’s not a “late fee”, it’s a “past due convenience charge”!
An account restoration fee.