Browsing: ” continued Rust. “The CFPB’s campaign against junk fees will help consumers save money. The Consumer Federation of America is strongly supportive of the credit card late fees rule.”

      May 14 was the day that the Consumer Financial Protection Bureau (CFPB) was set to implement a new rule that would save credit card holders an estimated $14 billion each year. The rule would provide savings of $220 per year on average for people who are charged late fees. Instead, a federal district judge imposed a temporary injunction that halted the rule’s implementation.