_u-s-chamber-of-commerce-leads-lawsuit-to-halt-consumer-financial-protection-bureau39s-late-fee-rule.jpg "U.S. Chamber of Commerce Leads Lawsuit to Halt Consumer Financial Protection Bureau's Late Fee Rule from afi 32 1001 2020 Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:47
👁 View: 555K times
✓ Published: 11-May-2024
👁 View: 555K times
✓ Published: 11-May-2024
Description:
The Consumer Financial Protection Bureau introduced a new rule that would cap credit card late fees at $8, down from the typical $32 currently charged by most banks. This is estimated to save Americans $10 billion annually in late fees. The credit card industry, led by the US Chamber of Commerce, sued the CFPB in federal court to block this new rule from taking effect. A judge in Texas is expected to decide whether to grant an injunction requested by the industry that would freeze the new rule until the legal issues are resolved. Analysts expect the industry lawsuit will likely be successful, as Texas courts are viewed as favorable to corporations.
The Consumer Financial Protection Bureau introduced a new rule that would cap credit card late fees at $8, down from the typical $32 currently charged by most banks. This is estimated to save Americans $10 billion annually in late fees. The credit card industry, led by the US Chamber of Commerce, sued the CFPB in federal court to block this new rule from taking effect. A judge in Texas is expected to decide whether to grant an injunction requested by the industry that would freeze the new rule until the legal issues are resolved. Analysts expect the industry lawsuit will likely be successful, as Texas courts are viewed as favorable to corporations.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_king-charles-hands-military-title-to-prince-williams.webp "King Charles has handed down his senior military role of Colonel-in-Chief of the Army Air Corps to Prince William. King Charles held the title for 32 years.")
_if-you-doubt-end-times-watch-this.webp "Mike (Joyful Exile)")
_these-5-foods-need-to-be-stockpiled-immediately-before-the-government-destroys-them.webp "Frugal Recipes")
⏲ 13 minutes 59 seconds 👁 2.9K
_hero-barman-saves-baby-from-choking-on-a-bottle-cap-in-restaurant.webp "A heroic barman has spoken of how he saved the life of a baby after it started choking when a bottle cap became lodged in his throat.<br/><br/>Josh Smith, 32, jumped into action after hearing the cries of the baby’s mother after 20-month old Khalil began to have difficulties breathing after choking on a bottle cap.<br/><br/>Josh, who works at Katana in Peterborough, Cambs, managed to pull the cap out of the baby's mouth in the incident on May 5.<br/><br/>He said: \")
_weekends-during-basic-training.webp "Airman Vision")
_king-charles-hands-military-title-to-prince-williams.webp "King Charles has handed down his senior military role of Colonel-in-Chief of the Army Air Corps to Prince William. King Charles held the title for 32 years.")
_how-i-make-100k-a-year-in-the-air-force.webp "Jeremiah Peoples")
_jean-dujardin-traduit-george-clooney-ou-presque.webp "Just Jean Dujardin")
_king-charles-hands-military-title-to-prince-williams.jpg)
_if-you-doubt-end-times-watch-this.jpg)
_these-5-foods-need-to-be-stockpiled-immediately-before-the-government-destroys-them.jpg)
_hero-barman-saves-baby-from-choking-on-a-bottle-cap-in-restaurant.jpg)
_weekends-during-basic-training.jpg)
_king-charles-hands-military-title-to-prince-williams.jpg)
_how-i-make-100k-a-year-in-the-air-force.jpg)
_jean-dujardin-traduit-george-clooney-ou-presque.jpg)
![[+]](/images/menu.gif){kind=small}