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

cross-posted from: https://lemmy.world/post/15277052

The judge…

The temporary nationwide injunction imposed by Judge Mark Pittman in the Northern District of Texas is a win for the big banks and major credit card companies, which collect billions in revenue each year in late fees and were looking to stop the proposal from going into effect.

  • 9point6@lemmy.world
    131·
    8 months ago

    I used to wonder how people like this can sleep with themselves

    The past decade or so has shown me that some people are so truly malignant, I’m never going to be able to rationalise their actions from my frame of reference