The U.S. court system has delayed the rule to cap credit card late fees at a maximum of 8 dollars monthly, a win for major banking institutions. The legislation, a crucial step in protecting consumer interests, was championed by the Consumer Financial Protection Bureau (CFPS) and, unfortunately, was stalled in federal court on Friday, May 11. Credit card late fee cap stalledThe injunction, halts the implementation of a regulation that would have gone into effect Tuesday, May 14. This new rule would have capped the late fees on American banks at 8 dollars, but they would have lost a strong seam…