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Senate Banking Committee Ranking Member Scott on CFPB Credit Card Late Penalty Final Rule
March 06, 2024
WASHINGTON, March 6 -- Sen. Tim Scott, R-South Carolina, ranking member of the Senate Banking, Housing and Urban Affairs Committee, issued the following statement on March 5, 2024:

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Today, Ranking Member Tim Scott (R-S.C.) issued the following statement after the Consumer Financial Protection Bureau (CFPB) published their final rule to limit credit card penalties. Ranking Member Scott stated he would use the Congressional Review Act process to fight the rule and it . . .

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