Regulator would cap credit card late fees at $8, part of Biden’s campaign against junk fees

File photo: President Joe Biden speaks in the East Room of the White House, Feb. 23, 2024, in Washington. Biden is forming a new ''strike force'' to crack down on illegal and unfair pricing on things like groceries, prescription drugs, health care, housing and financial services. (AP Photo/Evan Vucci, File)

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