Billions are on the line for lenders as White House finalizes credit card late fee cap
www.cnbc.com
The Consumer Financial Protection Bureau is facing banks, credit unions and credit card companies in its push to limit late fees.
  • EmergMemeHologram
    5·
    10 months ago

    You’re not wrong, education around credit cards is nil. But they are a useful tool that can keep people make ends meet.

    • candybrie@lemmy.world
      2·
      10 months ago

      I think that’s exactly what they’re criticizing. Having an economy where most people need that tool, where it’s expected to be used that way, is not good.