fees

Judge Strikes Down Biden-Era Late Fee Rule on Credit Cards

3 days ago

A recent court ruling has turned out to be a significant event for credit card users in the United States. A federal judge in Texas issued a ruling to strike down a rule enacted by the Consumer Financial Protection Bureau (CFPB) under President Joe Biden’s administration. This rule would have allowed for a considerable reduction in late fees on credit card payments that banks could impose on their customers. The court found that this regulation could negatively impact the financial stability of banks, threatening their ability to provide loans.

Airlines Consider Weight-Based Fees: How Will It Impact Passengers

2 months ago

According to recent news, airlines are beginning to consider implementing new fees based on passenger weight. This initiative may serve as a measure to optimize the load on aircraft and increase the income of carriers. The idea is that heavier passengers would pay more, while lighter ones would pay less, which could potentially change the approach to airline fare pricing.