“By our estimates, 75 percent of late fees —$9 billion — have no purpose beyond padding the credit card companies’ profits.”
Washington Post rated this: Not the whole story
Washington Post says: We dug deep but the math doesn't add up
Rohit Chopra
director of the Consumer Financial Protection Bureau. 1 claim checked by other fact-checking organisations, from 2023 to 2023. The ratings are theirs, in their own words.