Credit card late fee legislation would harm cardholders and reduce access
January 16, 2026
January 16, 2026
WASHINGTON, Jan. 16 [Category: Financial Services] -- America's Credit Unions posted the following news:
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Credit card late fee legislation would harm cardholders and reduce access
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Sens. John Fetterman, D-Pa., Cory Booker, D-N.J., and Tammy Baldwin, D-Wis., introduced legislation Thursday to codify an $8 cap on credit card late fees. America's Credit Unions has consistently maintained that such a rule would create increased cost . . .
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Credit card late fee legislation would harm cardholders and reduce access
*
Sens. John Fetterman, D-Pa., Cory Booker, D-N.J., and Tammy Baldwin, D-Wis., introduced legislation Thursday to codify an $8 cap on credit card late fees. America's Credit Unions has consistently maintained that such a rule would create increased cost . . .