The Consumer Financial Protection Bureau's move to cap credit card late fees is leading to higher interest rates and stricter credit access. Department stores are facing revenue squeezes due to changes in store credit card revenue. Visa and Mastercard dominate the payment market, with fees costing $137 billion annually, impacting consumer prices. Retailers like Macy's, Nordstrom, and Kohl's are feeling the pressure from new credit card regulations and the growth of buy now, pay later services.