WTF
I was going to say more but that’s really all I can think.
WTF
WTF
I was going to say more but that’s really all I can think.
WTF
Those billionaires really got the judiciary in their pockets.
And lobbying which is banned in most countries because it is a legalized form of corruption makes it even worse.
This is the best summary I could come up with:
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.
“Consumers will shoulder $800 million in late fees every month that the rule is delayed — money that pads the profit margins of the largest credit card issuers.
“It is disappointing that the court has granted this last-ditch effort by the banks to prevent these critical limits on credit card late fees from going into effect next week,” said Chuck Bell, advocacy program director for non-profit Consumer Reports.
The rule, first proposed in February 2023, is part of a broader push by the Biden administration to eliminate “junk fees,” considered hidden or misleading charges to consumers.
According to a national Consumer Reports survey published in September, one in five American adults said they had paid a credit card late fee in the previous 12 months.
The original article contains 525 words, the summary contains 186 words. Saved 65%. I'm a bot and I'm open source!
US news only.