The Consumer Financial Protection Bureau (CFPB) developed a rule that would ban excessive credit card late fees, lowering the typical fee from $32 to $8 - this number represents the cost that credit card companies incur from late payments. 

The rule will curb fees that cost American families more than $14 billion a year.The CFPB estimates that American families will save more than $10 billion in late fees annually once the final rule goes into effect by reducing the typical fee from $32 to $8. This will be an average savings of $220 per year for the more than 45 million people who are charged late fees.¹

FEDERAL REPUBLICAN LAWMAKERS WANT TO KEEP CREDIT CARD LATE FEES HIGH

Tell Congressman Calvert to Vote Against High Credit Card Fees

Tell Congressman Calvert to oppose H.J. RES. 122

Call on Congressman Ken Calvert to prioritize constituents over corporate interests

It's time to stand up for consumers’ rights and against exploitative credit card late fees and demand accountability from our elected representatives to STOP CREDIT CARD COMPANIES FROM GOUGING BILLIONS FROM CONSUMERS. Let's ensure financial fairness and equity for all constituents.