U.S. CFPB’s bid to curb late credit card fees faces strong opposition
Written by Black Hot Fire Network on March 6, 2023
March 06 (Reuters) - A U.S. consumer watchdog's proposal to slash late fees on credit cards is facing a rough road ahead as lenders gear up for what could turn out to be a fierce battle with the agency, industry experts and analysts said.
Last month, the Consumer Financial Protection Bureau said it was looking to curb such "excessive" fees . . .
