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.

  • circuscritic@lemmy.ca
    51·
    1 month ago

    As opposed to you, and the others like you, who are demanding that anyone who voices dissent and discontent must still vote for Biden, and to do otherwise means we’re actually a combination of Trump supporting tankies who run socket puppet accounts for Russia, who really want the country to continue sliding towards fascim.

    So yeah, I understand your position just fine.

    • theparadox@lemmy.worldEnglish
      25·
      1 month ago

      to do otherwise means we’re actually a combination of Trump supporting tankies who run socket puppet accounts for Russia, and actually want the country to continue sliding towards fascim.

      Lol

      So yeah, I understand your position just fine.

      LOL. Fucking LOL.

      One last reply and I’m done.

      Yes, I doubt that you are some disgruntled DNC veteran. Yes, in this day and age I can’t be certain that you aren’t just part of some foreign or domestic social media effort to destroy morale and advocate for not voting. However, I only mentioned it offhand and have continued to treat you like an individual. You have not done the same.

      I see you as misguided and angry. I see you as unaware of the consequences and ineffectiveness of the actions you advocate for. You never said anything to deny what a second Trump presidency would look like, besides the extremely simple assertion that he’s too stupid and petty. You act like it will be fine.

      You ignore the damage he’s already done. Women all over the country are suffering, voting is being suppressed, minorities and LGBTQ+ folks are being denied their rights, environmental laws are getting gutted, and good federal agencies are being stripped of their power… because of the justices and judges that Trump appointed. You ignore all this and state you’re going to refuse to vote for establishment candidates in the general election. Why? Because, like a child, you are angry that your preferred candidate didn’t win the primary. So, to “send a message”, you’re willing to risk pushing our country another four years closer to a fascist theocracy…

      Yeah, I’m going to hold my nose and vote with my conscience.

      • circuscritic@lemmy.ca
        62·
        1 month ago

        You’re technically correct, but only because the DNC drinks from the same neoliberal Kool Aid. The apparatus is now mostly run from their bloated privatized consultant class (campaign consultants, media firms, polling outfits, etc.).

        Of which, I’m sorry to say, I have spent time both employed by personally, as well as many years in close proximity to, outside of my own direct professional engagement.

        I love how, on Lemmy, you think that it’s more likely that I’m actually a deep cover foreign asset, then a citizen who’s happened to have worked in the disgustingly large multi-billion dollar campaign industry.

        But please, tell me more about how your intimate knowledge of our body politic is more nuanced and insightful then mine.

        You call me angry and disgruntled, but your political philosophy is “I’ll compromise on literally anything, as long as I’m told it’s for the greater good”.

        Trump would be awful, but he’s not the end of the line of awful candidates and I’d rather take my chances with a DNC that is responsive to it’s base, and not it’s donors. That can’t happen unless they fear their base will pull support, which is why they’ve trained them to always compromise.

        Isn’t it funny though, that the compromise only works in one direction: to the right and for the benefit of the donor class.