CFPB Credit Card Late Fee Suit Now Embroiled in Recusal Fight

The disclosure of Judge Don Willett’s ownership of Citigroup Inc. stock has added a recusal fight to the existing venue battle over the Consumer Financial Protection Bureau’s credit card late fee rule.

The CFPB and the plaintiffs in the case, including the US Chamber of Commerce, have until Thursday to file letters with the US Court of Appeals for the Fifth Circuit over whether Willett should recuse himself from the case due to his ownership of Citigroup stock, according to a Monday memorandum to both parties from Chief Clerk Lyle W. Cayce.

Willett said in a statement that one of ...