This Law Firm Publication by Troutman Pepper discusses a significant development in the ongoing litigation over the CFPB Final Rule on credit card late fees. The US District Court for the Northern District of Texas denied the CFPB’s motions to dismiss the Fort Worth Chamber of Commerce, transfer the case to the District of Columbia, and dissolve the preliminary injunction. This ruling follows the court’s earlier request for further briefing on the issue of associational standing,
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Troutman Pepper: Texas Federal Court Denies CFPB's Motions and Finds Plaintiffs Likely to Succeed on the Merits in Significant Credit Card Late Fee Rule Decision
