_u-s-chamber-of-commerce-leads-lawsuit-to-halt-consumer-financial-protection-bureau39s-late-fee-rule.jpg "U.S. Chamber of Commerce Leads Lawsuit to Halt Consumer Financial Protection Bureau's Late Fee Rule from national bank of pakistan tvc Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:47
👁 View: 545K times
✓ Published: 11-May-2024
👁 View: 545K times
✓ Published: 11-May-2024
Description:
The Consumer Financial Protection Bureau introduced a new rule that would cap credit card late fees at $8, down from the typical $32 currently charged by most banks. This is estimated to save Americans $10 billion annually in late fees. The credit card industry, led by the US Chamber of Commerce, sued the CFPB in federal court to block this new rule from taking effect. A judge in Texas is expected to decide whether to grant an injunction requested by the industry that would freeze the new rule until the legal issues are resolved. Analysts expect the industry lawsuit will likely be successful, as Texas courts are viewed as favorable to corporations.
The Consumer Financial Protection Bureau introduced a new rule that would cap credit card late fees at $8, down from the typical $32 currently charged by most banks. This is estimated to save Americans $10 billion annually in late fees. The credit card industry, led by the US Chamber of Commerce, sued the CFPB in federal court to block this new rule from taking effect. A judge in Texas is expected to decide whether to grant an injunction requested by the industry that would freeze the new rule until the legal issues are resolved. Analysts expect the industry lawsuit will likely be successful, as Texas courts are viewed as favorable to corporations.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_rba-keeps-interest-rates-on-hold-at-4-35pc-but-warns-progress-against-inflation-is-slowing.webp "The Reserve Bank has decided to maintain the current interest rate at 4.35 percent. Despite holding rates steady, the Bank's Chief has indicated that it is premature to claim success in the fight against inflation. She emphasised that the possibility of a future rate hike remains open, suggesting that the economic battle against rising prices is far from over.")
⏲ 2:3 👁 6.1M
_must-have-iphone-15-accessories.webp "The iPhone 15 and 15 Pro launch is one of the most exciting updates of the series in years. To make the most of it's best new features, we’re sharing some must-have accessories, including chargers, game controllers and power banks.")
_ways-to-make-your-dorm-feel-more-cozy-and-just-like-at-home.webp "Stressed about starting college this fall? Bring your Pinterest board vision to life with our dorm organizing ideas. Oftentimes, your college dorm might be the first opportunity you have to live in a space on your own, meaning it’s the ideal opportunity to experiment with your home design taste and preferences. But it also means you have to figure out how to keep the clutter to a minimum.<br/><br/>As temporary living spaces, college dorms aren’t always known for feeling the comfiest or looking the cleanest, however, with a few adjustments and personal touches, your dorm can feel like home. Here are eight ways to organize your dorm without making permanent changes to your room or breaking the bank.")
_hidden-treasures-of-the-national-trust-episode-7.webp "Hidden Treasures of the National Trust episode 7: Annually, legions of visitors are drawn to the enchanting estates and gardens maintained by one of Britain’s most revered cultural organizations: the National Trust. This institution safeguards an invaluable part of the nation's heritage, yet much of its critical work remains unseen by the public. Behind the stately facades and lush gardens, a dedicated cohort of conservators, volunteers, curators, and various specialists tirelessly labor to preserve these cultural treasures for future generations.")
_washington-nationals-mispriced-in-the-market-analysis.webp "Washington Nationals Mispriced in the Market Analysis from national bank of pakistan tvc")
_ubs-bounces-back-with-strong-first-quarter-profit-fueled-by-wealth-management-success.webp "UBS reported a return to profit in the first-quarter after losses in the previous two quarters, beating analyst estimates. Profits were boosted by higher revenues in its flagship wealth management division, which rose 28%. Expenses fell and consolidation benefits from the Credit Suisse takeover in June 2023 contributed to the $1.8 billion net profit. UBS expects to complete merging its US entities with Credit Suisse in the second quarter and Swiss entities in the third quarter. CEO Sergio Ermotti said integration progress was good, and the bank had returned to profitability and underlying strength.")
_could-we-maybe-92-maske-ku-vi-1977.webp "Kim (Karl Wagner) is an attractive and well-liked 15-year-old Danish boy with a rather ordinary life. He likes to drink beer and party with his friends. School is a bore. His parents are divorced and his mother doesn’t make much money. She nags at him, frustrated that he wants to go out all the time, and that he doesn’t apply himself or take responsibility. Suddenly Kim finds himself taken hostage by bank robbers, along with Marianne (Marianne Berg), who’s also 15. They find themselves out in the country, hiding from the police, making love and meeting unusual people with unconventional points of view. What will happen to the young lovers’ new romance when the adventure is over and they have to return to their real lives?")
_nationals-red-sox-mlb-game-preview-for-may-10-2024-1910.webp "A look ahead to the MLB game between NATIONALS and RED SOX. Your source for scores, previews, recaps, box scores, and more from every Major League Baseball. The schedule is set, and we're ready for some baseball.")
_rba-keeps-interest-rates-on-hold-at-4-35pc-but-warns-progress-against-inflation-is-slowing.jpg)
_must-have-iphone-15-accessories.jpg)
_ways-to-make-your-dorm-feel-more-cozy-and-just-like-at-home.jpg)
_hidden-treasures-of-the-national-trust-episode-7.jpg)
_washington-nationals-mispriced-in-the-market-analysis.jpg)
_ubs-bounces-back-with-strong-first-quarter-profit-fueled-by-wealth-management-success.jpg)
_could-we-maybe-92-maske-ku-vi-1977.jpg)
_nationals-red-sox-mlb-game-preview-for-may-10-2024-1910.jpg)
![[+]](/images/menu.gif){kind=small}