Judge Rebuffs Banks’ Bid for Early Pause on CFPB Late Fee Rule

The judge overseeing banks’ bid to eliminate the Consumer Financial Protection Bureau’s credit card late fee restrictions slapped down a request to pause the rule before he even determines whether Texas is the best venue for the case.

Judge Mark Pittman of the US District Court for the Northern District of Texas in a terse two-page order Wednesday said he needed time to fully brief and consider venue questions raised by the CFPB.

The plaintiffs in the case—including the US Chamber of Commerce, the American Bankers Association, the Consumer Bankers Association, and the Fort Worth Chamber of Commerce—said in a ...