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 rule capping credit card late fees at $8 when a federal appeals court held ...
Credit Card Late Fee Suit Kept in Texas Again by 5th Cir. (1)
A banking industry challenge to the Consumer Financial Protection Bureau’s rule capping credit card late fees at $8 will stay ...
Reuters20d
Texas judge again transfers lawsuit over card late fee rule to Washington
At issue is a rule ... late fees, unless they could prove higher fees are necessary to cover their costs. According to the CFPB, issuers collected more than $14 billion worth of credit card ...
KALW6d
The credit card industry's manipulative tactics to keep people in debt
Conversations about credit card debt are often framed as a result of personal choices, but major credit card companies use ...
Texas judge again transfers lawsuit over card late fee rule to Washington, D.C
The U.S. Consumer Financial Protection Bureau (CFPB) on Tuesday scored a jurisdictional victory when a federal judge in Texas ...
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 ...
Fox Business7d
Consumers want credit products despite high interest rates: TransUnion
In March, the Consumer Financial Protection Bureau (CFPB) finalized a rule capping credit card late fees to 25% of the ...
U.S. News & World Report21d
Texas Judge Again Transfers Lawsuit Over Card Late Fee Rule to Washington, D.C
D.C., an industry-backed lawsuit challenging the agency's rule capping credit card late fees at $8. U.S. District Judge Mark Pittman in Fort Worth moved swiftly to transfer the lawsuit out of his ...