The $8 cap on credit card late fees is "far below banks’ actual costs," according to a statement by Rob Nichols, president and CEO of the American Bankers Association.

Serah Louis Sat, Mar 4, 2023, 9:00 AM4 min read This US government agency plans to slash the credit card late fee cap from $41 to $8 — here's how it's fighting against 'rip-off junk fees' and ...

WASHINGTON — The White House on Wednesday was due to announce fresh efforts to slash credit card late fees and drive down the prices that Apple Inc and Google parent Alphabet Inc charge on mobile app ...

RBC, CIBC and National Bank have agreed to temporarily cut the interest rates on credit cards for customers facing financial challenges.

Biden, who is expected to announce a bid for re-election in the coming weeks, has also been slamming Republicans for their refusal to approve an increase in the U.S. debt ceiling unless there is a ...