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

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.

  • GiddyGap@lemm.ee
    71·
    2 months ago

    Lots of things did change with Obama and lots changed with Biden. But lots of people still vote for regressives. And with 60 votes needed in the Senate for real reform, it’s a very slow process.