Judge Turns Away New Bid to Cap Credit Card Late Fees at $8

The Consumer Financial Protection Bureau rule capping late fees is blocked.

This illustration picture shows debit and credit cards arranged on a desk in Arlington, Va., on April 6, 2020. Olivier Douliery/AFP via Getty Images

A federal judge has rejected the Consumer Financial Protection Bureau’s request to allow its rule capping credit card late fees to take effect.

U.S. District Judge Mark Pittman said in a Dec. 6 order that he was keeping his injunction in place.