Your Credit Card Late Fee May Soon be Capped at $8

Consumer groups cheer proposal to limit late fees to “actual cost”

Andy Spears
2 min readMay 4, 2023

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Photo by Avery Evans on Unsplash

Credit card late fees are annoying but often viewed as a necessary element of having a credit card.

Miss the payment by a day — or even a few hours — and you could be hit with fees up to $41.

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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 . . .