Judge blocks Biden administration rule capping credit card late fees at $8 | CNN Business
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A federal judge in Fort Worth, Texas, on Friday blocked a new Biden administration rule that would prohibit credit card companies from charging customers late fees higher than $8.

A federal judge in Fort Worth, Texas, on Friday blocked a new Biden administration rule that would prohibit credit card companies from charging customers late fees higher than $8.

US District Judge Mark T. Pittman, an appointee of former President Donald Trump, granted a preliminary injunction to several business and banking organizations that allege the new rule violates several federal statutes.

These organizations, led by the right-leaning US Chamber of Commerce, sued the Consumer Financial Protection Bureau after the rule was finalized in March. The rule, which was set to go into effect Tuesday, would save consumers about $10 billion per year by cutting fees from an average of $32, the CFPB estimated.

  • BossDj@lemm.ee
    347·
    6 months ago

    Nah, the Trump base doesn’t give two shits about Israel/Palestine. And they’ll never know Biden ever tried. I’m pretty sure they’re still talking about the laptop

    • cygnus@lemmy.ca
      298·
      6 months ago

      Those people aren’t Trump voters, they are tankies at best and accelerationists at worst (with a generous helping of foreign sockpuppets too)

      • barsquid@lemmy.world
        194·
        6 months ago

        They want Donald in office because it is better for China. They don’t give a shit about Uyghur genocide or the fact that “socialist” China is producing billionaires.

    • disguy_ovahea@lemmy.world
      82·
      6 months ago

      They’ve moved on to his executive privilege move to withhold recordings, because there obviously must be something horribly incriminating involving vocal inflection that doesn’t translate to transcripts.

      • jake_jake_jake_@lemmy.world
        53·
        6 months ago

        or they don’t want to give free sound clips taken out of context for attack ads?

        and would you put executive privilege in quotes if it was the broke cheeto man?

        • disguy_ovahea@lemmy.world
          7·
          6 months ago

          That’s how right wing news reports it. I didn’t mean to imply wrongdoing myself. I edited to remove the quotes. I’m in complete agreement of his decision. There’s absolutely no need for the recordings other than to truncate them and use them out of context.