Tag Archives: late fees

In the News: New Ticker (Politico)

Americans for Financial Reform has launched a tracker tallying the late fees that have been collected since 5th Circuit Court of Appeals stopped the Consumer Financial Protection Bureau’s limit on credit card late fees from taking effect.

Letters to Regulators: Letter Supporting CFPB Safe Harbor for Credit Card Late Fees

AFREF joined a comment letter that strongly supports the CFPB’s proposed safe harbor of $8 for credit card late fees. The CFPB provided ample evidence that this amount is fair, reasonable, and proportional to the costs incurred by issuers for late payments.