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CFPB has 30 days to settle $8 credit card late fee lawsuit

Summary by American Banker
The Consumer Financial Protection Bureau said it is "optimistic" that a lawsuit challenging the $8 credit card late fee rule can be resolved. Analysts say the rule is expected to be rescinded by the Trump administration.
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American BankerAmerican Banker

CFPB has 30 days to settle $8 credit card late fee lawsuit

The Consumer Financial Protection Bureau said it is "optimistic" that a lawsuit challenging the $8 credit card late fee rule can be resolved. Analysts say the rule is expected to be rescinded by the Trump administration.

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Consumer Finance MonitorConsumer Finance Monitor

Judge grants CFPB 30 days to settle lawsuit over credit card late fee rule

A federal judge has granted the CFPB 30 days to try to settle the lawsuit challenging the bureau’s s credit card late fee rule that was issued during the Biden Administration. “The Bureau’s new leadership is currently reviewing and considering its positions on various agency actions, including the regulation at issue in this case,” the CFPB’s attorneys said, in filing the request with Judge Mark T.... Continue Reading

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Consumer Finance Monitor broke the news in on Monday, March 24, 2025.
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