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Homecredit card late fees

credit card late fees

CFPB

Bureau cuts penalty, additional late fees for large credit card issuers; smaller issuers get more room

March 5, 2024 0

“Large card issuers” are now subject to a much lower safe harbor amount for penalty fees and restrictions on fees for subsequent violations to ensure that late fees they charge are “reasonable and proportional” as […]

CFPB

May 3 is comment deadline for CFPB credit card late-fee proposal

March 29, 2023 0

A proposal issued Feb. 1 aimed at better ensuring that late fees charged on credit card accounts are “reasonable and proportional” – for example, capped at $8 for late credit card payments – has a […]

No Picture
CFPB

Proposal would cap late credit card fees at $8; CFPB says move would save consumers $9 billion

February 1, 2023 0

Fees would be capped at $8 for credit card payments made late, and an annual inflation adjustment would be eliminated, under a proposal issued Wednesday by the federal consumer financial protection agency. The advance notice […]

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CFPB

Bureau extends comment period on credit card late fees to Aug. 1

July 18, 2022 0

Anyone wishing to comment on the federal consumer financial protection agency’s advance notice of proposed rulemaking (ANPR) on credit-card late fees has an additional 10 days from the original comment deadline, according to a notice […]

Today

  • OCC finalizes rule for crypto under GENIUS Act; more to come on waiver requests

    October 22, 2026 0
    Providing a “clear, practical foundation for private-sector innovation, competition, and American leadership in digital assets” is the aim of a cryptocurrency final rule issued Wednesday by the national bank regulator, the agency said. According to the Office of the Comptroller [...]

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