Judge blocks Biden administration rule capping credit card late fees at $8 | CNN Business
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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.

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.

  • Ensign_Crab@lemmy.worldEnglish
    4·
    6 months ago

    I’m not happy with centrism. The term is progressive for a reason. If you abandon all progress short of the goal, you’re not progressing. That just leads to party division, disenfranchisement, and Republican regression.

    Stop trying to redefine “progressive” to mean “slow walking progress.”

    • disguy_ovahea@lemmy.world
      14·
      6 months ago

      The government is slow, not the ideals. What you fail to understand is that liberal policies that you take for granted today were the progressive policies of the past. You’ll never reach the goal if you discredit and discard everything that comes up short.

      Your willful ignorance to recognize that half the nation is in opposition of liberal and progressive ideals is what leads you to point the finger at those who understand that compromise is necessary when Democrats don’t have full control of the government.

      If Democrats could successfully maintain presidential and congressional majority for an extended period, politicians would be forced to become more progressive to capture more of the vote. That requires unity, not division.

      • Ensign_Crab@lemmy.worldEnglish
        2·
        6 months ago

        What you don’t understand is that liberal policies that you take for granted today were the progressive policies of the past.

        I understand that progressives fought for them in the past and centrists didn’t, often fighting against them, just like today. Contentment does not produce progress. Which is why people who don’t want progress call discontent divisive.

        • disguy_ovahea@lemmy.world
          13·
          6 months ago

          What the successful progressives of the past understood, that you clearly don’t, is that the opposition to progressives and liberals is Republicans. They succeeded in passing progressive legislation through unity.

          Find me a piece of successful legislation passed exclusively by progressive members of Congress. I’ll wait.

          • Ensign_Crab@lemmy.worldEnglish
            1·
            6 months ago

            the opposition to progressives and liberals is Republicans.

            That dynamic has changed. The opposition to progressives is liberals and Republicans.

                • disguy_ovahea@lemmy.world
                  11·
                  6 months ago

                  There are countless examples of it throughout our history. Why do you believe your opinion is more credible than repeatedly proven historical evidence?

                  • Ensign_Crab@lemmy.worldEnglish
                    1·
                    6 months ago

                    There are plenty of examples of centrists fighting progress as well. Your demands that progressives shut up and be happy with deliberate failure and betrayal don’t change that.

            • spidermanchild@sh.itjust.works
              5·
              6 months ago

              Why don’t you tell us who Bernie supported and voted for for president the last few cycles, and then tell us why you think you’re smarter than him.

              • Ensign_Crab@lemmy.worldEnglish
                3·
                6 months ago

                Same as me: the least shitty option.

                I’m voting for Biden this time around, too. I voted for Clinton in '16. And I’m going to gripe about it the whole fucking time.

                That doesn’t mean that centrists oppose Republicans harder than they oppose progressives, and it doesn’t mean they don’t work with Republicans to shut down progressive policy.