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NATIONAL ASSOCIATION FOR LATINO COMMUNITY ASSET BUILDERS v. CONSUMER FINANCIAL PROTECTION BUREAU, et al.
Case Number:
1:20-cv-03122
Court:
Nature of Suit:
Administrative Procedure Act/Review or Appeal of Agency Decision
Judge:
Firms
Companies
Government Agencies
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January 14, 2022
CFPB Gets Payday Rule Rollback Challenge Tossed
A D.C. federal judge threw out a case against the U.S. Consumer Financial Protection Bureau on Friday over the agency's decision to repeal ability-to-repay underwriting requirements for payday lenders, despite arguments from community advocates that the agency had used poor analysis to justify the rollback.
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October 29, 2020
Advocates Sue To Undo CFPB's Rollback Of Payday Rule
Community advocates filed a lawsuit in D.C. federal court Thursday challenging the Consumer Financial Protection Bureau's recent repeal of ability-to-repay underwriting requirements for payday lenders, arguing the agency used shoddy analysis and slanted reasoning to reach a preordained conclusion that shouldn't be allowed to stand.