Inside the CFPB's Battle Over Credit Card Late Fees

Feb 7, 2023

The CFPB surprised the banking industry last week by proposing to limit credit card late fees to $8, a much lower figure than most expected. Ian Katz, managing director of Capital Alpha Partners and a former Bloomberg reporter, discusses what other specifics are in the plan, how the industry is reacting, and how the issue is likely to play out this year.