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Trump-appointed judge halts Biden administration credit card late fee cap

A former judge appointed by President Trump in Texas has stopped the plan of President Biden to reduce late fees on credit card to $8. The new rule that was to be implemented next week was stopped by US District Judge Mark T. Pittman, who issued a preliminary injunction. This decision was beneficial to the credit card companies and large banks. …

 President Biden’s administration’s plan to reduce late fees on credit cards to$ 8 was halted by a former President Trump-appointed judge in Texas. A preliminary injunction issued by US District Judge Mark T. Pittman, which was scheduled for the following week, was used to stop the fresh rule, which was intended to benefit credit card issuers and large banks. … President Biden’s administration’s plan to reduce late fees on credit cards to$ 8 was halted by a former President Trump-appointed judge in Texas. A preliminary injunction issued by US District Judge Mark T. Pittman, which was scheduled for the following week, was used to stop the fresh rule, which was intended to benefit credit card issuers and large banks. … 

A former judge appointed by President Trump in Texas has stopped the plan of President Biden to reduce late fees on credit card to $8. The new rule that was to be implemented next week was stopped by US District Judge Mark T. Pittman, who issued a preliminary injunction. This decision was beneficial to the credit card companies and large banks. …

  

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