#Biden moves to limit #credit #fees to $8 for missed payments in latest “#JunkFee” crackdown

The Biden admin wants to #cap most #CreditCard #LateFees at $8 for a #MissedPayment, w/federal regulators set to propose a rule to that effect on Wednesday.

In addition, President Joe Biden will urge #Congress to crack down on "excessive" #JunkFees, or the additional fees ticket brokers, airlines & resorts tack onto customers' bills

#ConsumerProtection
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