A federal judge in Fort Worth, Texas, on Friday blocked a new Biden administration rule that would prohibit credit card companies from charging customers late fees higher than $8.

US District Judge Mark T. Pittman, an appointee of former President Donald Trump, granted a preliminary injunction to several business and banking organizations that allege the new rule violates several federal statutes.

These organizations, led by the right-leaning US Chamber of Commerce, sued the Consumer Financial Protection Bureau after the rule was finalized in March. The rule, which was set to go into effect Tuesday, would save consumers about $10 billion per year by cutting fees from an average of $32, the CFPB estimated.

  • theparadox@lemmy.world
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    4 months ago

    …and if they instead decide that the left cannot be depended on and start courting voters more to the right?

    I honestly felt how you feel. I just don’t think it’s historically worked that way.

    Push local reps to the left and Primary the centrists. I’m all for it… but going home because your guy isn’t on the ballot is playing a dangerous game right now.

    If the country can handle a Republican win, then go back to staying home in protest. But I think, especially at this point in time, that a Trump win would spell the end of American democracy.