Appearing in The New York Times on April 16, 2025, Stacy Cowley quotes NCLC Senior Attorney Chi Chi Wu in coverage of the Trump administration’s decision to scrap the Consumer Financial Protection Bureau’s (CFPB) $8 limit on most credit card late fees.
“This decision will allow big banks to exploit consumers to the tune of $10 billion annually by charging inflated late fees that far exceed what late payments cost them to collect.”
Chi Chi Wu, senior attorney at the National Consumer Law Center
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