U.S. Chamber Files Lawsuit Against Consumer Financial Protection Bureau to Protect Credit Card Users
March 08, 2024
March 08, 2024
WASHINGTON, March 8 -- The U.S. Chamber of Commerce issued the following news release on March 7, 2024:
Today, the U.S. Chamber of Commerce filed a lawsuit in the Northern District of Texas seeking a preliminary injunction to stop the Consumer Financial Protection Bureau (CFPB) from implementing a rule that punishes responsible credit card users who pay their bills on time. In promulgating its rule to limit credit card late fees, the CFPB not only exceeded its statutory authority bu . . .
Today, the U.S. Chamber of Commerce filed a lawsuit in the Northern District of Texas seeking a preliminary injunction to stop the Consumer Financial Protection Bureau (CFPB) from implementing a rule that punishes responsible credit card users who pay their bills on time. In promulgating its rule to limit credit card late fees, the CFPB not only exceeded its statutory authority bu . . .