Banks will now be able to charge more late fees from credit card customers, Supreme Court put a stay on NCDRC’s decision – banks may charge credit card holders late fees above 30 percent annual interest supreme court set aside ncdrc decision of 2008
Not good news for credit card customers. Banks will now be able to charge higher late fees from credit card customers. The Supreme Court on December 20 has stayed the 2008 decision of the National Consumer Dispute Redressal Commission (NCDRC). Due to this, such credit card customers will now have to pay higher late fees,…
