Texas Judge Puts Hold On Biden's Credit Card Late Fee Limit

A federal judge in Texas (naturally!) blocked a plan by the Biden administration to lower late fees on credit cards to $8 that was slated to go into effect next week. Via ABC News:

The temporary nationwide injunction imposed by Judge Mark Pittman in the Northern District of Texas is a win for the big banks and major credit card companies, which collect billions in revenue each year in late fees and were looking to stop the proposal from going into effect. It is also a win for the U.S. Chamber of Commerce...