Will Credit Card Late Fees Become a Thing of the Past?

CFPB Director hints at action to limit late fees, boost competition

Andy Spears
2 min readMay 3, 2022

--

Photo by CardMapr on Unsplash

In testimony to Congress, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra told lawmakers he’s asked his agency to explore ways to limit credit card fees and boost competition in the financial services industry.

--

--

Andy Spears

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