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.

  • Flying Squid@lemmy.world
    1·
    6 months ago

    It doesn’t matter to them. They think all they have to say is “Genocide Joe” and they’ve made their argument.

    • BossDj@lemm.ee
      1·
      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

    • GiddyGap@lemm.ee
      0·
      6 months ago

      Yeah, because Donny will surely stand up for Gaza much more than Joe ever did…

      • Flying Squid@lemmy.world
        2·
        6 months ago

        They don’t like it when you point out that Trump moved the U.S. embassy to Jerusalem, tacitly declaring it to belong wholly to Israel. He’s made it very clear what he thinks about Palestine.

      • Delusional@lemmy.world
        2·
        6 months ago

        And you know 100% that if Biden was against Israel and supported Gaza, they’d bitch and complain and say Biden supports terrorists. Bad faith arguments across the board coming from those worthless shitstains.

    • pop@lemmy.ml
      01·
      6 months ago

      Bandwagoning tiny shit like “credit card fees” is not going to change the number of deaths he has funded. But that never was your concern tho, was it?

      It’s about “Biden does good thing for us so we can excuse a genocide he’s causing”?

      Come back when you grow up and you’re done circlejerking on petty little things that your team does.