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Texas Judge Blocks Credit Card Fee Cap

This is a news story, published by Yahoo Finance, that relates primarily to Biden news.

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federal consumer protection efforts

Benzinga

Benzinga

•

Business

Business & Economics

Judge strikes down Biden-era rule capping credit card late fees at $8

Benzinga

Summary

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73% Informative

A federal judge has ruled against a Biden -era regulation that would have capped credit card late fees at $ 8 .

The rule was meant to save consumers an average of $ 220 a year by limiting late fees.

The CFPB 's attempt to reformulate the credit card fee structure now faces a major hindrance.

VR Score

77

Informative language

82

Neutral language

25

Article tone

formal

Language

English

Language complexity

56

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

10

https://www.benzinga.com/personal-finance/25/04/44778197/a-52-year-old-man-who-owes-money-on-27-credit-cards-gets-an-ultimatum-from-dave-ramsey-chop-them-all-up-every-one-of-them?utm_campaign=partner_feed&utm_source=yahooFinance&utm_medium=partner_feed&utm_content=site&nid=44833509 https://storage.courtlistener.com/recap/gov.uscourts.txnd.387342/gov.uscourts.txnd.387342.150.0.pdf https://www.benzinga.com https://www.benzinga.com/news/earnings/25/04/44811593/bank-of-america-ceo-says-consumer-continues-to-spend-and-maintain-healthy-credit-quality-sticks-to-annual-outlook?utm_campaign=partner_feed&utm_source=yahooFinance&utm_medium=partner_feed&utm_content=site&nid=44833509 https://www.benzinga.com/government/regulations/25/04/44833509/judge-strikes-down-biden-era-rule-capping-credit-card-late-fees-at-8 https://www.benzinga.com/news/large-cap/25/03/44482518/major-credit-card-provider-warns-us-consumers-are-spending-less?utm_campaign=partner_feed&utm_source=yahooFinance&utm_medium=partner_feed&utm_content=site&nid=44833509 https://www.benzinga.com/quote/AAPL?getReport=1 https://www.benzinga.com/personal-finance/25/03/44353947/trumps-cfpb-overhaul-leaves-consumers-exposed-heres-what-it-means-for-your-money?utm_campaign=partner_feed&utm_source=yahooFinance&utm_medium=partner_feed&utm_content=site&nid=44833509 https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9spja3yaad2&utm_source=yahoo https://www.benzinga.com/quote/TSLA?getReport=1

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2

www.benzinga.com storage.courtlistener.com

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