CFPB's $8 Late Fee Rule On Ropes As Banks Move In For Kill

By Katryna Perera

The U.S. Chamber of Commerce and other trade groups have urged a Texas federal judge to strike down the Consumer Financial Protection Bureau's $8 credit card late fee rule once and for all, saying, among other things, that the CFPB is itself a "veritable issue-spotter of constitutional law violations."

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