Judge blocks Biden administration rule capping credit card late fees at $8 | CNN Business
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A federal judge in Fort Worth, Texas, on Friday blocked a new Biden administration rule that would prohibit credit card companies from charging customers late fees higher than $8.

A federal judge in Fort Worth, Texas, on Friday blocked a new Biden administration rule that would prohibit credit card companies from charging customers late fees higher than $8.

US District Judge Mark T. Pittman, an appointee of former President Donald Trump, granted a preliminary injunction to several business and banking organizations that allege the new rule violates several federal statutes.

These organizations, led by the right-leaning US Chamber of Commerce, sued the Consumer Financial Protection Bureau after the rule was finalized in March. The rule, which was set to go into effect Tuesday, would save consumers about $10 billion per year by cutting fees from an average of $32, the CFPB estimated.

  • Ensign_Crab@lemmy.worldEnglish
    115·
    6 months ago

    the opposition to progressives and liberals is Republicans.

    That dynamic has changed. The opposition to progressives is liberals and Republicans.

      • Ensign_Crab@lemmy.worldEnglish
        114·
        6 months ago

        Ah, the primary centrist thought-terminating cliche. Was wondering when you were gonna use that.

        • disguy_ovahea@lemmy.world
          112·
          6 months ago

          There are countless examples of it throughout our history. Why do you believe your opinion is more credible than repeatedly proven historical evidence?

          • Ensign_Crab@lemmy.worldEnglish
            112·
            6 months ago

            There are plenty of examples of centrists fighting progress as well. Your demands that progressives shut up and be happy with deliberate failure and betrayal don’t change that.

              • Ensign_Crab@lemmy.worldEnglish
                112·
                6 months ago

                Where fighting progressives yielded success for liberals? Sure. Liberals fought progressives on the minimum wage increase and were successful.

                Congratulations on the victory over working people.

                • disguy_ovahea@lemmy.world
                  112·
                  6 months ago

                  You’re dodging the question because it doesn’t help either group. You’ll understand when you grow up.

                  • Ensign_Crab@lemmy.worldEnglish
                    111·
                    6 months ago

                    You’re dodging the question because it doesn’t help either group.

                    It helped liberals. They got what they wanted. The minimum wage didn’t increase.

                    You’ll understand when you grow up.

                    Ooh, the second centrist thought-terminating cliche.

    • spidermanchild@sh.itjust.works
      6·
      6 months ago

      Why don’t you tell us who Bernie supported and voted for for president the last few cycles, and then tell us why you think you’re smarter than him.

      • Ensign_Crab@lemmy.worldEnglish
        32·
        6 months ago

        Same as me: the least shitty option.

        I’m voting for Biden this time around, too. I voted for Clinton in '16. And I’m going to gripe about it the whole fucking time.

        That doesn’t mean that centrists oppose Republicans harder than they oppose progressives, and it doesn’t mean they don’t work with Republicans to shut down progressive policy.