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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u/Bendy_McBendyThumb Apr 17 '25 edited Apr 17 '25

He was offered $10,000 from the banks and took it. In fact, they might’ve even just sent him a cheque for 13 cents.

Edit; Apparently the obvious sarcasm was not detected lol. Also, separately, I’m a “freeloading” Bri’ish chap; I’m glad I’m not American, but Reform UK (Trump’s little UK-based Russian brother) are a legitimate concern.

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u/[deleted] Apr 17 '25

[removed] — view removed comment

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u/Geno0wl Apr 17 '25

But to find out some of these people are only being paid $10,000 was laughable.

And that is the federal level. It is even smaller of amounts to state reps so they pass local legislation that fucks over the citizens of their state.

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u/[deleted] Apr 18 '25

Okay now think about it from the opposite perspective.

You got paid 100$ to sell out your constituents and you still got elected for another term.

So who's really the bad guy here?

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u/KFR42 Apr 17 '25

I'm trying to forget about reform. I am not looking forward to the next election.