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.

  • TherouxSonfeir@lemm.ee
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    4 months ago

    Biden hasn’t unleashed the cops on labor leaders. I think you’re confusing local government with national government. I understand it’s hard for a тролль to understand the intricacies of American politics.

    • UnderpantsWeevil@lemmy.world
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      4 months ago

      Biden hasn’t unleashed the cops on labor leaders.

      The FBI cointelpro program has gone uninterrupted since it’s inception.

      I understand it’s hard for a тролль to understand

      Doing whataboutism to own the Ruskies