CFPB Director Rohit Chopra responds to lawsuit against $8 credit card late fee cap

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Consumer Financial Protection Bureau Director Rohit Chopra joins 'The Exchange' to discuss the status of the $8 late fee cap for credit cards amid lawsuits, efforts to make mortgage closing costs more affordable, and more.
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Let the financially illiterate carrying CC debt pay higher fees... Compounded interest is the 8th wonder of the world, those who understand it collect it, those who don't pay it!

nightknight