Lawsuit over US credit card late fee rule must stay in Texas, court rules
The U.S. Consumer Financial Protection Bureau on Tuesday suffered a jurisdictional setback in a lawsuit challenging its new ...
Hosted on MSN1mon
The rule capping credit card late fees at $8 is on hold — here’s what it means for you
The U.S. banking industry won a key victory in its effort to block the implementation of a Consumer Financial Protection Bureau rule that would've drastically limited the fees that credit card ...
CNN1mon
Judge blocks Biden administration rule capping credit card late fees at $8
A federal judge in Fort Worth, Texas, on Friday blocked a new Biden administration rule that would prohibit credit card companies from charging customers late fees higher than $8. US District ...
CNBC19d
Credit card late fees cost Americans billions a year — now they're capped at $8
New government regulations are slashing the late fees charged by many credit card companies. On March 5, 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule limiting the penalty ...
KRMG1mon
Federal judge temporarily blocks rule capping credit card late fees at $8 per month
FORT WORTH, Texas — A federal judge on Friday temporarily blocked a rule that would have prohibited credit card companies from charging consumers late fees in excess of $8 per month. Judge Mark T.
Reuters20d
Texas judge again transfers lawsuit over card late fee rule to Washington
May 28 (Reuters) - The U.S. Consumer Financial Protection Bureau (CFPB) on Tuesday scored a jurisdictional victory when a federal judge in Texas transferred to another court in Washington an ...
JD Supra29d
CFPB’s credit card late fee rule stayed
On May 10, the U.S. District Court for the Northern District of Texas entered an opinion and order granting the plaintiffs, comprising several trade organization, its motion for preliminary ...
Fox Business7d
Consumers want credit products despite high interest rates: TransUnion
The high interest rate environment has done little to dampen the appetite for credit products, a recent TransUnion report ...
U.S. News & World Report21d
Texas Judge Again Transfers Lawsuit Over Card Late Fee Rule to Washington, D.C
(Reuters) -The U.S. Consumer Financial Protection Bureau (CFPB) on Tuesday scored a jurisdictional victory when a federal judge in Texas transferred to another court in Washington, D.C., an ...