Judge temporarily blocks Biden plan to cap credit card late fees

A federal judge in Texas Friday temporarily halted a Biden administration rule that would cap credit card late fees at $8, about a quarter of what they are now. Credit card companies receive about $14 billion in late fee payments per year, according to the Consumer Financial Protection Bureau. Elise Preston has more.

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[_rob_.]

Check the judges investment portfolio.
See if he's dumping credit related stocks.

News please?

[travisnoface]

Why would they block the plan it’s to help Americans with money wow America really showing it’s true colors I think ima go independent

[jwkm]

Time to return Texas back to Mexico in exchange for a full refund.

[migglemaggle]

Who’s the judge? Republican? Getting kickbacks from these companies?

[myohmy]

Judge in Texas...that's an oxymoron!

[TrentR]

Obviously this judge is not for the people

[quartytypo]

If Biden doesn't remove this judge, then President Harris should do it.

[ArabellaPottery]

I say if you are dumb enough to have more than one credit card and can't pay it off each month. Then your money should go to the rich.