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CFPB predicts late fee lawsuit settlement

Summary by paymentsdive.com
The agency’s new leadership believes it can settle a 2024 lawsuit banks and business groups filed over an $8 cap on credit card late fees.

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CFPB predicts late fee lawsuit settlement

The agency’s new leadership believes it can settle a 2024 lawsuit banks and business groups filed over an $8 cap on credit card late fees.

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paymentsdive.com broke the news in on Wednesday, March 26, 2025.
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