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Fed orders caps on credit card late fees

The Federal Reserve this morning ordered credit card companies to cap late fees at $25 for one-time offenders starting in August in the final version of its regulations on credit card penalty fees.

By Ylan Q. Mui  |  June 15, 2010; 12:01 PM ET  |  Permalink  |  Comments (20)
Categories:  Add category , Fed Reserve , credit  
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