A federal judge has thrown out the Consumer Financial Protection Bureau’s (CFPB) late fee cap. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
Late last week, a federal judge upheld an order blocking a cap on credit card late fees, as PYMNTS reported. But the debate over the fees — their usefulness, whether they should exist at all — is far from over. Get the Full Story Complete...
A federal judge has upheld an order blocking a cap on credit card late fees. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
Credit card issuers reportedly have been raising interest rates on the cards and adding new fees to make up for revenue they may lose from a cap on late fees. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
February 01, 2023
The Biden administration’s targeting of credit card late fees may lead to unintended consequences. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing […]
September 16, 2019
Perhaps everyone’s worst nightmare came true for 250,000 employees of 4,000-5,000 small businesses over Labor Day weekend: Payday came, and paychecks didn’t. In fact, it was much worse. Get the Full...
April 12, 2017
In February 2013, Max Levchin launched Affirm — a point-of-sale (POS) lender that would provide creditworthy millennials, who lacked credit cards and credit scores, the ability to buy and finance items...
October 21, 2025
Affirm wants the U.S. to find ways to cap late fees on pay-later loans. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing […]
April 15, 2025
A federal judge has thrown out the Consumer Financial Protection Bureau’s (CFPB) late fee cap. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
December 08, 2024
A federal judge has upheld an order blocking a cap on credit card late fees. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
October 07, 2024
Credit card issuers reportedly have been raising interest rates on the cards and adding new fees to make up for revenue they may lose from a cap on late fees....
