Credit Card Fairness Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 6
- Latest action
- Jan 15, 2026
What it does
The Credit Card Fairness Act would amend the Truth in Lending Act to cap late fees charged by large credit card issuers—those with 1 million or more open accounts—at $8 per late payment, with the Consumer Financial Protection Bureau authorized to adjust the cap annually based on inflation. The bill requires the Bureau to ensure fees do not exceed the actual costs incurred by issuers from late payments and prohibits fees from contributing to issuer profits. Any legal challenges to the fee cap or Bureau decisions under the Act must be filed in the U.S. District Court for the District of Columbia, and the Bureau must release its research publicly before proposing any rule changes.
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
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Where it goes next
While a bill can still move, the questions are about people and money.