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1 month ago | 
jdsupra.com | Stefanie Jackman |Joshua McBeain |Glen P. Trudel
In a significant development in the credit card late fee rule litigation, the Consumer Financial Protection Bureau (CFPB) has filed a status report indicating that it is actively working towards a resolution. This update follows last month’s court’s order, which required the CFPB to explain its plans for proceeding with the case.
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1 month ago | 
lexology.com | Stefanie Jackman |Glen P. Trudel |Chris Willis |Joshua McBeain
In a significant development in the credit card late fee rule litigation, the Consumer Financial Protection Bureau (CFPB) has filed a status report indicating that it is actively working towards a resolution. This update follows last month’s court’s order, which required the CFPB to explain its plans for proceeding with the case.
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2 months ago | 
jdsupra.com | Stefanie Jackman |James Kim |Joshua McBeain
Hours before a scheduled hearing recently, the Consumer Financial Protection Bureau (CFPB or Bureau) filed an “Emergency Notice” in the U.S. Court of Appeals for the Fifth Circuit with respect to the ongoing litigation challenging the CFPB’s Small Business Lending Data Collection final rule under Section 1071 of the Dodd-Frank Act (the 1071 Rule), discussed here.
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Nov 6, 2024 | 
jdsupra.com | Joshua McBeain |Joseph Reilly |Caleb Rosenberg
On October 31, the U.S. Court of Appeals for the Fifth Circuit Court of Appeals granted the appellants’ motion to expedite the appeal in Texas Bankers Association v. Consumer Financial Protection Bureau (CFPB). The suit brought by several trade associations challenges the CFPB’s Final Rule under § 1071 of the Dodd-Frank Act, the “Small Business Lending Data Collection Rule” (Final Rule). The court scheduled oral argument for February 3, 2025.
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Aug 28, 2024 | 
jdsupra.com | Joshua McBeain |Joseph Reilly |Caleb Rosenberg
Monday, the U.S. District Court for the Southern District of Texas granted the Consumer Financial Protection Bureau’s (CFPB or Bureau) motion for summary judgment on all Administrative Procedure Act (APA) challenges brought by several trade associations to the CFPB’s Final Rule under § 1071 of the Dodd-Frank Act, the “Small Business Lending Data Collection Rule” (Final Rule).
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Jul 22, 2024 | 
jdsupra.com | Jason Cover |Stefanie Jackman |Joshua McBeain
Last week, the Consumer Financial Protection Bureau (CFPB or Bureau) filed a brief in the U.S. District Court for the Northern District of Texas in support of its motion to dissolve the preliminary injunction that has stayed the implementation of its credit card late fee rule.
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Jun 20, 2024 | 
jdsupra.com | Jason Cover |Stefanie Jackman |Joshua McBeain
On June 18, the Fifth Circuit Court of Appeals granted the plaintiffs’ petition for a writ of mandamus, effectively halting the transfer of the lawsuit challenging the Consumer Financial Protection Bureau’s (CFPB or Bureau) credit card late fee rule from a Texas federal district court to the District of Columbia. This decision marks another pivotal moment in the ongoing legal battle over the CFPB’s Final Rule, which has seen a complex procedural history unfold over the past few months.
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Jun 14, 2024 | 
jdsupra.com | Keith Barnett |Joshua McBeain |Carlin McCrory
Published in Law360 on March 14, 2024. © Copyright 2024, Portfolio Media, Inc., publisher of Law360. Reprinted here with permission. Companies that fall within the definition of “data provider” are expected by this fall to be required to comply with the Consumer Financial Protection Bureau’s proposed rule implementing Section 1033 of the Dodd-Frank Act. In a press release issued Oct.
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May 30, 2024 | 
jdsupra.com | Jason Cover |Stefanie Jackman |Joshua McBeain
On Tuesday, the lawsuit challenging the Consumer Financial Protection Bureau’s (CFPB or Bureau) credit card late fee rule (Final Rule) was ordered to be transferred from the U.S. District Court for the Northern District of Texas to the District Court for the District of Columbia (D.D.C.) for the second time in as many months. The court’s decision was largely based on the same analysis as the first transfer order.
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May 20, 2024 | 
jdsupra.com | Joshua McBeain |Joseph Reilly |Caleb Rosenberg
As discussed here, last week the U.S. Supreme Court issued its long-awaited decision in Community Financial Services Association of America, Limited (CFSA) v. Consumer Financial Protection Bureau (CFPB or Bureau) holding that the CFPB’s special funding structure does not violate the appropriations clause of the Constitution.
