S 3660 · 119th Congress

Credit Card Fairness Act

This bill caps credit card late fees at $8 for large credit card companies. Right now, credit card issuers can charge whatever late fees they want, and many charge $35 or more when you miss a payment. This bill changes that by setting a hard limit of $8 for any late payment fee charged by large credit card companies…

Sponsor

Fetterman, John (D-Pennsylvania)

Introduced

2026-01-15

Policy area

Finance and Financial Sector

Latest action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.