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Do credit card late fees actually protect consumers?

Do credit card late fees actually protect consumers?- In a time when inflation is driving up the cost of nearly everything you buy, something else has increased, too: credit card late fees. Thanks to a clause in the 2009 Credit Card Act, credit card issuers can raise late fees, and over time those fees...
United States Scott Gilpatric Van Westendorp Wei Zhang Jaime Hanson American Bankers Association

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