LOS ANGELES — A federal judge in Texas temporarily halted a plan by the Biden administration to lower late fees on credit cards to $8 that was slated to go into effect next week.
for most credit card late fees or require banks to show why they should charge more than $8 for such a fee. White House spokesperson Jeremy Edwards said in a statement Friday night,"We are disappointed that a court sided with House Republicans, big banks and special interests to hit pause on a critical measure to save American families billions in junk fees."
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