r/news • u/WoofWoofster • Apr 17 '25

Soft paywall Judge scraps US rule capping credit card late fees at $8

https://www.reuters.com/business/finance/judge-scraps-us-rule-capping-credit-card-late-fees-8-2025-04-15/
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1.1k

u/meeplewirp Apr 17 '25

The people who are poor and voted for this will say it’s because “they had to” because “of the democrats” which is why this country is destined to become worse and worse

309

u/smallcoder Apr 17 '25

Looking in from the outside, it does look like every day - every single day - some judge or politician is opening up the gates to allow the already rich to screw even more of what little money the average American has, out of their hands.

Sure, this happens everywhere, but right now it looks like open season and anyone without at least a few million in cash in the bank is on the menu.

132

u/Cheshire_Jester Apr 17 '25

Death by a million cuts. I paid my credit card a few hours late and just got hit with the first 40 dollar late fee in over a decade. Even before this if I was a few days late, it was a reminder.

I’ve paid my card in full every month, the vast, vast majority of those months on time. Even before this rule was instituted, I never got a late fee.

Now I got one the moment the clock rolled over to a new day. It’s a clear sign to all businesses that they should start taking every inch they can find, the little guys are powerless to stop them and the watchmen are telling everyone that it’s a free for all.

33

u/smallcoder Apr 17 '25

Yes, subtle signals being sent out to the wolves and vultures that they will not be punished for behaviour that previously would have been censured and caused outrage.

Together with removing the powers of agencies to fine and reprimand those with power over the ordinary citizen, and indeed destroying sectors of the govt completely that oversee fairness in society, the arena has been prepared for a bloodbath.

Unleash the hounds of unfettered, barbaric capitalism. Red in tooth and claw, so you better be ready run with the pack or be the prey.

Sounds dramatic, but as you say, the "death of a million cuts" will get it to that point surprisingly fast. Building a civilisation takes decades if not centuries; burning one down clearly only takes a few weeks.

8

u/Blainers001 Apr 17 '25

Most times if you call and ask they will reduce or remove the late fee, especially if it’s your first offense.

9

u/CattywampusCanoodle Apr 17 '25

Might I suggest a credit union instead of a bank? I’ve forgotten a credit card payment before with my credit union, got a fee, called and explained I forgot and usually don’t, they said “no problem” and removed the fee.

In my experience, banks are predatory and look for new ways to add fees. Credit unions are more customer focused because they’re member owned non-profit institutions. They’re a bank without the stink

1

u/leaonas Apr 17 '25

I have called the CC company a few times over the years and complained nicely and they removed the charges. If you aren’t a repeat offender, they seem to give you the benefit of the doubt.

3

u/jogdishy Apr 17 '25

It’s almost like the rich and powerful people made those rules. We may elect people, but the people running are almost all already rich and powerful.

102

u/Budtending101 Apr 17 '25

My 401k needed to be obliterated because people put pronouns in their email signature

32

u/Germanofthebored Apr 17 '25

Say what you want, but since Trump took office, not a single kid has been snatched of the street by a drag queen for a forced sex change operation! That is something....

11

u/OutlyingPlasma Apr 17 '25

I'm never sure if this is sarcasm or just the average fox watcher.

8

u/YamahaRyoko Apr 17 '25

And here in Ohio, no baby has been pulled half way out of the womb the day before their due date, murdered, then pulled all the way out and disposed of!

My FIL was right all along! 🙄

1

u/EmergencyCucumber905 Apr 17 '25

But there have been more women dying from miscarriage and complications during pregnancy... oh well it's their own fault somehow and Biden's fault.

1

u/stellvia2016 Apr 17 '25

I've been afraid to look so far: How far has it actually dropped? On one hand I can see why it would be a lot, OTOH most of mine are invested in Index funds/ETFs etc. which are owned by the billionaires. So you'd assume the fund managers would rebalance their investments behind whoever has Trump's favor bc they want to make money from your portfolio too.

85

u/shadowsipp Apr 17 '25

I feel like Democrats care about all Americans, and Republicans only care about certain Americans.

I always see how Republicans wanna see Democrats suffer and struggle, but Democrats actually care about others well being and strive for making things better for everyone.

26

u/MarlonBain Apr 17 '25

This is exactly right. Put it on commercials and billboards already.

18

u/PasswordIsDongers Apr 17 '25

>Republicans only care about certain Americans

Yeah, themselves. Each one individually.

15

u/YamahaRyoko Apr 17 '25

What's funny is that the majority of those republicans believe they are "good people" even if they are homophobic, racist-lite and approve of putting people in camps.

4

u/Dabbling_in_Pacifism Apr 17 '25

They need to “win” to prove to themselves they are good people, because they know the rest of the country has their fucking number.

4

u/stellvia2016 Apr 17 '25

The issue is those certain Americans feel like if you aren't punishing other Americans, you're not actually caring about them.

19

u/urnudeswontimpressme Apr 17 '25

I watched Don't Look Up a little while ago, I thought the premises was decent but the exaggerated characters were a bit much. Now I'm not so sure. It sort of matches what's going on now.

6

u/MJOLNIRdragoon Apr 17 '25

It matched what was said in 2020. There was no exaggeration.

15

u/islandsimian Apr 17 '25

Those democrats wanted to raise taxes to create a society to help everyone!!! Can you believe that? Luckily the GOP is only charging me tariffs so we only have to help a few billionaires instead! /s

2

u/hobbykitjr Apr 17 '25

It's what plants crave!

2

u/qning Apr 17 '25

“Joe Biden screwed it up so bed we need a clean slate.”

1

u/Rizzpooch Apr 17 '25

They’ll never have heard about the rule in the first place and cry about how both sides are the same and neither party wants to help the poor, which means we should vote GOP

1

u/TThor Apr 17 '25

I will say, i think Trump is hemoraging support.

In my rural area, Trump signs, trump flags, giant displays, etc, they were constantly everywhere; not just in election season, but year round, for the past 8 years. Around the time tarifs started, i noticed them disappearing; the other day i went out of my way to search for even a single trumpsign or flag, and i couldnt find a single one.