The CFPB has released a final rule that limits the application of the Credit Card Act's cap on credit card fees. It implements a Credit Card Act provision that limits credit card fees charged during an account's first year to 25% of the account's credit limit when first opened. The CFPB's final rule clarifies that only fees charged during the account's first year count towards the 25% cap, not counting fees charged before the account's opening (reversing a previous Federal Reserve interpretation, which a credit card issuer had successfully challenged in court).