How Much do Consumers Pay in Credit Card Late Fees?

Consumer Bureau report says card issuers charged $12 billion in late fees in 2020

Andy Spears
2 min readApr 4, 2022

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Photo by Ales Nesetril on Unsplash

Credit cards can be a convenient way to manage expenses and can be a useful tool for consumers if they are managed well. However, there are pitfalls to the ubiquitous products.

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Andy Spears

Writer and policy advocate living in Nashville, TN —Public Policy Ph.D. — writes on education policy, consumer affairs, and more . . .