The CFPB has proposed a rule to lower late fees to $8 or 25% of the minimum balance due, and to require credit card companies to send reminders a few days before a payment is due and provide a 15-day grace period for late payments.
The CFPB has proposed a rule to lower late fees to $8 or 25% of the minimum balance due, and to require credit card companies to send reminders a few days before a payment is due and provide a 15-day grace period for late payments.