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A Texas federal judge, Mark Pittman, has transferred a lawsuit challenging the Consumer Financial Protection Bureau's (CFPB) rule capping credit card late fees at $8 to the Washington, D.C. District Court. This marks the second time the case, backed by the banking industry and referred to as the Chamber's case, has been moved to Washington, D.C. The lawsuit was initially dismissed by the 5th Circuit Court of Appeals as moot. However, shortly after regaining control over the case, Judge Pittman ordered the transfer, marking a jurisdictional victory for the CFPB. The 5th Circuit intervened again, halting the cross-country trip less than a day after it was ordered.
The Fifth Circuit on Wednesday halted the transfer of a banking industry suit against the CFPB's $8 credit card late fee rule, again intervening in the case less than a day after a Texas federal judge ordered it sent to Washington, D.C., for a second time. https://t.co/ZsTumgXXPO https://t.co/CO4vL6saDp
UPDATE: The Fifth Circuit, again, apparently thinks it can stay a transfer after the transfer happened. https://t.co/3BHhtXwol0 https://t.co/2jeHhErPx1
A Texas federal judge ordered another cross-country trip for a banking industry lawsuit that challenges the Consumer Financial Protection Bureau's $8 credit card late fee rule, sending the case back to D.C. shortly after regaining control over it. https://t.co/0UDZWdrusR
