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We're the Consumer Financial Protection Bureau (CFPB), a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly.

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Why did my credit card issuer increase my late payment fee?

Answer:

The first time you are late, the credit card company can charge you a fee of up to $27.

If you are late a second time within the next six billing cycles (typically a billing cycle is a month), the card company generally can charge you up to $38. However, the late fee can never be more than the minimum amount due.

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