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Judge Blocks New U.S. Rule Limiting Credit Card Late Fees
Posted inBanking and Financial Institutions Chopra, Rohit Consumer Financial Protection Bureau Courts and the Judiciary Credit Cards Personal Finances Pittman, Mark T Suits and Litigation (Civil) Texas United States Chamber of Commerce

Judge Blocks New U.S. Rule Limiting Credit Card Late Fees

Set to take effect on Tuesday, the rule would save households $10 billion a year in “junk fees,” the Consumer Financial Protection Bureau said.
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Posted by By Cade Metz
Business Groups Sue to Stop F.T.C. From Banning Noncompete Clauses
Posted inBusiness Roundtable Federal Trade Commission Kovacic, William E Labor and Jobs Suits and Litigation (Civil) Texas Assn of Business United States Chamber of Commerce

Business Groups Sue to Stop F.T.C. From Banning Noncompete Clauses

The suit was filed the day after the agency announced a rule that prohibits companies from limiting their employees’ ability to work for rivals. It argues that the F.T.C. does not have the authority.
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Posted by By J. Edward Moreno
Biden Targets Big Business and Billionaires
Posted inBiden, Joseph R Jr Fain, Shawn High Net Worth Individuals internal-storyline-no Presidential Election of 2024 State of the Union Message (US) Trump, Donald J Truth Social (Social Network) United States Chamber of Commerce United States Economy United States Politics and Government

Biden Targets Big Business and Billionaires

The president used his State of the Union address to plug his economic record and, and announce a policy wish list that involves raising taxes on multinationals and the wealthy.
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Posted by By Andrew Ross Sorkin Ravi Mattu Bernhard Warner Sarah Kessler
Trade Groups Sue to Block Credit Card Late Fee Limit
Posted inBanking and Financial Institutions Consumer Bankers Association Consumer Financial Protection Bureau Consumer Protection Credit Cards Regulation and Deregulation of Industry Suits and Litigation (Civil) Texas United States Chamber of Commerce

Trade Groups Sue to Block Credit Card Late Fee Limit

Banking groups and Texas business associations asked a federal court to abolish a new federal rule that would cap most late fees at $8.
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Posted by By Stacy Cowley

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