A banking group challenge to the Consumer Financial Protection Bureau’s credit card late fee cap will be sent to Washington, D.C., for a second time.
None of the banks or credit companies affected by the CFPB’s rule, which caps late fees at $8, are based in the Fort Worth Division of the Northern District of Texas, while most of the attorneys working on the case are located in the nation’s capital, Judge Mark Pittman wrote in a Tuesday order to move the case.
The CFPB’s rule has been bogged down in fights over venue, judicial ethics, and the bureau’s authority ...
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