The CFPB proposes reversing a ban on high credit card sign-up fees that caps the amount an...

|By:, SA News Editor

The CFPB proposes reversing a ban on high credit card sign-up fees that caps the amount an issuer can charge at 25% of the card’s limit during its first year of use. The agency appears to be backing down from an ongoing legal battle over ways issuers sidestep the current regulation.