Judge blocks Biden administration rule capping credit card late fees at $8 | CNN Business
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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.

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.

  • RememberTheApollo_@lemmy.world
    55·
    24 days ago

    Good ol’ Christian Right wanting a Christian Nation while defending banks and ignoring their Jesus who destroyed the money lenders’ tables.

    • A_Random_Idiot@lemmy.worldEnglish
      6·
      24 days ago

      It shocks me that people are still shocked that American Christians dont read the bible or have any idea whats in it.

      Especially when they, as a group, spend damn near every waking moment violating mathrew 6:5-6:8

      • starman2112@sh.itjust.works
        3·
        24 days ago

        The problem is you can interpret it however you want. It’s very easy to justify defying almost any of Christ’s teachings with some fun wordplay. Matthew 6:5-8 is about performative worship, and Christians don’t do performative worship you see, they are actually worshiping so it doesn’t count. Not sure how they weasel themselves out of Matthew 6:14-15 though

      • RememberTheApollo_@lemmy.world
        2·
        24 days ago

        They read the parts they want. They hear what they’re told to believe by their preachers. In the end it doesn’t matter, they just interpret it how they want and disregard the rest.

    • Huckledebuck@sh.itjust.works
      3·
      24 days ago

      The one time Jesus got angry. Go figure…

      Edit: on record. I guess he could’ve had some pretty terrible 2s, or something, that we don’t know about.