Senate Democrats introduce legislation capping credit card late fees

Democratic Sens. John Fetterman (Pa.), Cory Booker (N.J.) and Tammy Baldwin (Wisc.) introduced authorities to headdress recognition paper precocious fees astatine $8.  Their proposal, the Credit Card Fairness Act, would codify a March 2024 ruling from the Consumer Financial Protection Bureau (CFPB), which reduced the emblematic precocious interest from $32 to $8. Under the Credit…