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New cap proposed on credit card late fees
Catch up with NBC News Clone on today's hot topic: Mmvo205522501795 - Breaking News | NBC News Clone. Our editorial team reformatted this story for clarity and speed.
The Biden Administration said it will cap the late fees at $8, down from $32. The move comes as Americans hold record credit card debt. The Chamber of Commerce said it will fight the move. NBC News' Christine Romans reports.
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