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CFPB, Payday Groups Again Denied Stay Of Payday Rule

Law360 (August 8, 2018, 7:35 PM EDT) -- A Texas federal judge has again turned down a request from the Consumer Financial Protection Bureau and two payday lender trade groups to stay the August 2019 compliance date of the agency’s so-called payday rule, which puts restrictions on payday and other small-dollar lenders.

U.S. District Judge Lee Yeakel declined Tuesday to reconsider his June order that stayed a lawsuit challenging the rule but didn’t also stay the rule’s compliance date, leaving in place what had been a mixed result for the CFPB and the trade...
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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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