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.

  • Ensign_Crab@lemmy.worldEnglish
    213·
    6 months ago

    What you don’t understand is that liberal policies that you take for granted today were the progressive policies of the past.

    I understand that progressives fought for them in the past and centrists didn’t, often fighting against them, just like today. Contentment does not produce progress. Which is why people who don’t want progress call discontent divisive.

    • disguy_ovahea@lemmy.world
      142·
      6 months ago

      What the successful progressives of the past understood, that you clearly don’t, is that the opposition to progressives and liberals is Republicans. They succeeded in passing progressive legislation through unity.

      Find me a piece of successful legislation passed exclusively by progressive members of Congress. I’ll wait.

      • Ensign_Crab@lemmy.worldEnglish
        115·
        6 months ago

        the opposition to progressives and liberals is Republicans.

        That dynamic has changed. The opposition to progressives is liberals and Republicans.

          • Ensign_Crab@lemmy.worldEnglish
            114·
            6 months ago

            Ah, the primary centrist thought-terminating cliche. Was wondering when you were gonna use that.

            • disguy_ovahea@lemmy.world
              112·
              6 months ago

              There are countless examples of it throughout our history. Why do you believe your opinion is more credible than repeatedly proven historical evidence?

              • Ensign_Crab@lemmy.worldEnglish
                112·
                6 months ago

                There are plenty of examples of centrists fighting progress as well. Your demands that progressives shut up and be happy with deliberate failure and betrayal don’t change that.

                  • Ensign_Crab@lemmy.worldEnglish
                    112·
                    6 months ago

                    Where fighting progressives yielded success for liberals? Sure. Liberals fought progressives on the minimum wage increase and were successful.

                    Congratulations on the victory over working people.

        • spidermanchild@sh.itjust.works
          6·
          6 months ago

          Why don’t you tell us who Bernie supported and voted for for president the last few cycles, and then tell us why you think you’re smarter than him.

          • Ensign_Crab@lemmy.worldEnglish
            32·
            6 months ago

            Same as me: the least shitty option.

            I’m voting for Biden this time around, too. I voted for Clinton in '16. And I’m going to gripe about it the whole fucking time.

            That doesn’t mean that centrists oppose Republicans harder than they oppose progressives, and it doesn’t mean they don’t work with Republicans to shut down progressive policy.