Credit card issuers Synchrony and Bread Financial raised interest rates and introduced new fees in response to a proposed Consumer Financial Protection Bureau rule to cap late fees at $8. Analysts now believe the rule is unlikely to take effect. Rates for some retail cards reached nearly 36, and Bread introduced monthly paper statement fees. In March, the CFPB proposed capping late fees at $8 to save consumers $10 billion annually, but banks argue it would shift costs to responsible borrowers.