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  2. Credit card late fees capped at $8 as part of Biden ... - AOL

    www.aol.com/finance/credit-card-fees-capped-8...

    March 5, 2024 at 5:21 PM. Poike/iStockphoto/Getty Images. Federal regulators finalized a rule on Tuesday to cap most credit card late fees at $8 as part of a broader push by the Biden ...

  3. 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.

  4. Will CFPB’s $8 cap on credit card late fees encourage late ...

    www.aol.com/finance/cfpb-8-cap-credit-card...

    On March 5, 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule capping credit card late payment fees at $8 for the biggest card issuers after inviting public comment on the ...

  5. Biden administration slashes credit card late fees to $8 ...

    www.aol.com/finance/biden-administration-slashes...

    The Consumer Financial Protection Bureau finalized a rule limiting credit card late fees to $8. The move could save 45 million people an average $220 per year on late fees.

  6. 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 ...

  7. Square (financial services) - Wikipedia

    en.wikipedia.org/wiki/Square_(financial_services)

    Square charges a fee of 2.6% plus $0.10 on every electronically scanned credit card transaction [41] or 3.50% plus $0.15 per manually-entered transaction. No monthly or set-up fees are charged. The firm claims that its costs are, on average, lower than the costs charged by conventional credit card processors. [42]

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