Federal Judge Transfers Lawsuit Challenging Credit Card Late Fees Rule to Washington, D.C. Court
Friday, 29 March 2024, 01:47
Update on Credit Card Fees Lawsuit
A federal judge in Texas has transferred the lawsuit challenging a rule on credit card late fees to a Washington, D.C. court. U.S. District Judge Mark Pittman noted the involvement of business groups and the U.S. Consumer Financial Protection Bureau in the dispute.
Key Points:
- Business groups from Washington, D.C. are central to the case.
- The lawsuit aims to block a rule regarding credit card late fees.
- The legal battle underscores the challenges around financial regulations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.