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Under new regulations from the CFPB, credit card issuers cannot charge more than $8 for a late payment unless they can explicitly point to data showing they must impose higher fees to make up for losses. The policy is set to take effect this spring, and it could save cardholders about $10b each year, according to the bureau.
Separately, the FTC, the Justice Department and the Department of Health and Human Services (HHS) will investigate the "impact of corporate greed in health care" focusing on transactions involving private equity. It will probe how private equity deals "may increase consolidation and generate profits for firms while threatening patients’ health, workers’ safety, quality of care, and affordable health care for patients and taxpayers."
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