Biden Seeks to Limit Credit Card Late Fees - Banks Have Lame Excuse Defending Them + Boy Band Member Posthumously Sued by Wells Fargo

<p>First off.</p> <p><a href="//thenotoriousbanker.substack.com" target="_blank"><strong>PLEASE SUBSCRIBE TO MY SUBSTACK. I talk Bad Banks, Unethical Businesses and more in a Hilarious Way.<br> Free of Charge. Tons of content.</strong></a></p> <p><br></p> <p><strong>The Biden Admin. has proposed capping CC Late Fees to $8 per missed payment from as much as $41. It is in an effort to reduce or eliminate "Junk Fees". Big banks and their lobbying arms claim that lowering the fee will encourage more late payments and cause people bad credit.&nbsp;</strong></p> <p><strong>Umm.. Ok?&nbsp;</strong></p> <p><strong>I discuss how ridiculous that is, plus I compromise by proposing something that will help both banks and consumers in my eyes!</strong></p> <p><a href="https://www.wsj.com/articles/biden-administration-to-propose-rule-to-lower-credit-card-late-fees-11675243257?st=jgvdmsxnxtq5bu8" target="_blank"><strong>WSJ Article</strong></a></p> <p><br></p> <p><br></p> <p><strong>Plus, I touch on a story I read online the other day. Pop Star Aaron Carter, who passed away recently </strong><a href="https://theblast.com/422441/aaron-carters-estate-sued-by-wells-fargo-over-credit-debt/" target="_blank"><strong>is having his estate sued by Wells Fargo for nonpayment of $2800+ credit line</strong></a><strong>. I briefly explain how the business of death is something that a lot of people don't know about and I give examples. <br> <br> Crazy week. Thanks for following!</strong></p> <p><strong>NB Has recovered over $4 Million from big banks back to consumers, with nearly $800k of it being Zelle fraud!</strong></p> <p><strong>30k+ Followers on TikTok, Twitter and Instagram</strong></p> <p><a href="http://www.cooglerbofabook.com/"><strong>Buy My Book "High-Risk Transaction"</strong></a></p> <p><strong>Find all my social media and other links at:</strong></p> <p><a href="https://thenotoriousbanker.org/"><strong>TheNotoriousBanker.Org&nbsp;</strong></a></p> <p><a href="https://thenotoriousbanker.substack.com/"><strong>Substack - "Consum