The Frederick Douglass Foundation Opposes New CFPB Proposal on Credit Card Late Fees

Washington D.C. – Days after the Biden administration released its rule to make the government’s cap on credit card late fees more expansive, Frederick Douglass Foundation, Chairman Troy Rolling said the following:  As Chairman, the Frederick Douglass Foundation, a nonprofit that does Christian work based on the life and legacy of Frederick Douglass. We support the strength of the Black family and …