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CFPB proposes lowering credit card late fees

Summary by Ground News
Synchrony Financial, Capital One and Bread Financial share prices fall. The Consumer Financial Protection Bureau plans to cut late fees to $8. The agency says the proposal could reduce late fees by as much as $9 billion a year. The industry is likely to fight the proposal in court.

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  • 40% of the sources lean Left, 40% of the sources lean Right
40% Right
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Crooks and Liars broke the news in United States on Wednesday, February 1, 2023.
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