Warren, Whitehouse Demand Explanation for U.S. Chamber of Commerce Lawsuit to Stop CFPB Late Fees Rule
April 15, 2024
April 15, 2024
WASHINGTON, April 15 -- Sen. Elizabeth Warren, D-Massachusetts, issued the following news release:
Senators Elizabeth Warren (D-Mass.) and Sheldon Whitehouse (D-R.I.) wrote to the U.S. Chamber of Commerce (Chamber) demanding an explanation for their decision to sue the Consumer Financial Protection Bureau (CFPB) over its rule that caps most credit card fees at $8 and their defense of credit card companies' exploitative late fee practices. The Chamber filed a lawsuit just two days af . . .
Senators Elizabeth Warren (D-Mass.) and Sheldon Whitehouse (D-R.I.) wrote to the U.S. Chamber of Commerce (Chamber) demanding an explanation for their decision to sue the Consumer Financial Protection Bureau (CFPB) over its rule that caps most credit card fees at $8 and their defense of credit card companies' exploitative late fee practices. The Chamber filed a lawsuit just two days af . . .