The Biden administration finalized a rule Tuesday that will close a loophole to slash fees charged by companies from an average of $32 to $8.
  • NullPointer
    62·
    10 months ago

    they’ll just charge 40% interest on that late fee.

    • mommykink@lemmy.world
      52·
      10 months ago

      And then drop your credit score 120 points for a single missed payment. That’s the problem with credit cards that needs to be fixed.