Credit card companies are asking a judge to stop a federal rule that'd cap late fees.
Credit-card companies are asking a judge to stop a federal rule that'd cap late fees.
  • Hoping to say goodbye to high credit-card late fees?
  • You may need to keep dreaming.
  • A judge could side last minute with credit-card companies trying to stop a new cap on fees.

Credit-card companies aren't giving up their late fees that easily.

In March, the Consumer Financial Protection Bureau announced that the federal government had made a new rule capping credit-card late fees.

The rule limits fees for a first violation to just $8, a move that the CFPB estimates could save US customers billions.