We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

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...
To view the full article, register now.

Documents

Related

Sections

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

Law Firms

Companies

Government Agencies

Judge Analytics

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.