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Inside the CFPB's Battle Over Credit Card Late Fees
Banking with Interest
English - February 07, 2023 11:00 - 27 minutes - 20.7 MBBusiness News News Politics banker finreg bankpodcast fintech fintechpodcast legislation policy Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Are the FHLBs Dangerously Off Mission?
The CFPB surprised the banking industry last week by proposing to limit credit card late fees to $8, a much lower figure than most expected. Ian Katz, managing director of Capital Alpha Partners and a former Bloomberg reporter, discusses what other specifics are in the plan, how the industry is reacting, and how the issue is likely to play out this year.