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Payday Groups Defend Joint Request For CFPB Rule Stay

Law360 (June 11, 2018, 10:49 PM EDT) -- Two payday lender trade groups on Monday defended their joint request to the Consumer Financial Protection Bureau for a stay of the compliance date of the agency’s so-called payday rule, telling a Texas federal judge that the consumer advocates who want to weigh in against the request are off the mark.

In a response submitted to U.S. District Judge Lee Yeakel, the Community Financial Services Association of America Ltd. and the Consumer Service Alliance of Texas pushed back against arguments by Public Citizen Inc., Americans for...
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Case Information

Case Title

Community Financial Services Association of America, Ltd. et al v. Consumer Financial Protection Bureau et al


Case Number

1:18-cv-00295

Court

Texas Western

Nature of Suit

Other Statutes: Administrative Procedures Act/Review or Appeal of Agency Decision

Judge

Lee Yeakel

Date Filed

April 9, 2018

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