Credit card late fees capped at $8 as part of Biden crackdown on junk fees.

Credit card late fees capped at $8 as part of Biden administration crackdown on junk fees | CNN Business
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Credit card late fees capped at $8 as part of Biden administration crackdown on junk fees | CNN Business

Federal regulators finalized a rule on Tuesday to cap most credit card late fees at $8 as part of a broader push by the Biden administration to eliminate junk fees.