Credit card late fees capped at $8 under Biden crackdown on 'junk fees' - eviltoast
The Biden administration finalized a rule Tuesday that will close a loophole to slash fees charged by companies from an average of $32 to $8.
  • varoth@lemmy.worldEnglish
    133·
    10 months ago

    Okay. Why can’t they just get rid of the fees altogether? Why do we need to have ANY kind of junk fees for anything? Oh wait, I know. To make rich people richer.

    • iopq@lemmy.world
      4·
      10 months ago

      They actually should, because they already change interest far in excess of LIBOR.