A federal appeals court for the second time thwarted a Texas judge’s attempt to move the banking industry’s suit challenging the Consumer Financial Protection Bureau’s credit card late fee cap to Washington, D.C.
Judge Mark Pittman of the US District Court for the Northern District of Texas transferred the case to the federal district court in Washington late Tuesday, noting that no banks subject to the rule capping fees at $8 are based in his judicial district. Pittman’s order marked the second time he had sent the case to Washington since taking it over in March.
The industry plaintiffs—the US ...
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