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Judge Denies Bid By CFPB, Groups To Stay Payday Rule

Law360 (June 12, 2018, 11:35 PM EDT) -- A Texas federal judge ruled Tuesday that he won’t stay the compliance date of the Consumer Financial Protection Bureau’s so-called payday lending rule, but will stay a lawsuit brought against the agency by two payday lender trade groups challenging the rule.

Although the CFPB and trade groups had asked for both the suit and the rule’s August 2019 compliance date to be put on hold in light of the agency’s previously announced plans to reconsider the rule, U.S. District Judge Lee Yeakel declined to grant their...
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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



Texas Western

Nature of Suit

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


Lee Yeakel

Date Filed

April 9, 2018

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