- cross-posted to:
- usnews@lemy.lol
- cross-posted to:
- usnews@lemy.lol
A federal judge in Fort Worth, Texas, on Friday blocked a new Biden administration rule that would prohibit credit card companies from charging customers late fees higher than $8.
US District Judge Mark T. Pittman, an appointee of former President Donald Trump, granted a preliminary injunction to several business and banking organizations that allege the new rule violates several federal statutes.
These organizations, led by the right-leaning US Chamber of Commerce, sued the Consumer Financial Protection Bureau after the rule was finalized in March. The rule, which was set to go into effect Tuesday, would save consumers about $10 billion per year by cutting fees from an average of $32, the CFPB estimated.
Any suggestions? 🤔
Stop rewarding democrats for barreling further right as fast as they can? 🤷♂️
Roo bad that’s not a thing.
Which only proves that America is already fascist by definition and its time to burn it down.