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2. ‘Charging hardworking Americans’: Biden's regulators just cut ...

   www.aol.com/finance/charging-hardworking...

   The finalized regulation, which the Consumer Financial Protection Bureau (CFPB) first proposed last year, will cap most credit card late fees at $8, down from the current average of $32. Don’t miss

3. Judge blocks Biden administration rule capping credit card ...

   www.aol.com/judge-blocks-biden-administration...

   The new rule would apply to large credit card issuers — those with more than 1 million accounts. These companies represent more than 95% of total outstanding credit card debt, according to the CFPB.

4. Regulator would cap credit card late fees at $8, part of ...

   www.aol.com/news/regulator-proposes-capping...

   The Consumer Financial Protection Bureau's new regulations will set a ceiling of $8 for most credit card late fees or require banks to show why they should charge more than $8 for such a fee. The ...

5. Factoring (finance) - Wikipedia

   en.wikipedia.org/wiki/Factoring_(finance)

   Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount. [ 1][ 2][ 3] A business will sometimes factor its receivable assets to meet its present and immediate cash needs. [ 4][ 5] Forfaiting is a factoring arrangement ...

6. Payment card interchange fee and merchant discount antitrust ...

   en.wikipedia.org/wiki/Payment_Card_Interchange...

   The settlement lowers interchange fees for merchants and also protects credit card companies from being sued over the issue again in the future. [21] That settlement was reversed. Currently one for US$6.24 billion is scheduled to go before the district court on November 7, 2019. [22]

7. Durbin amendment - Wikipedia

   en.wikipedia.org/wiki/Durbin_amendment

   The Durbin amendment, implemented by Regulation II, [ 1] is a provision of United States federal law, 15 U.S.C. § 1693o-2, that requires the Federal Reserve to limit fees charged to retailers for debit card processing. It was passed as part of the Dodd–Frank financial reform legislation in 2010, as a last-minute addition by Dick Durbin, a ...