November 15, 2024
A Texas federal judge has declined to stay the compliance date of the Consumer Financial Protection Bureau's small-business lending data collection rule while a coalition of bank trade groups appeals his decision to uphold the rule's data collection requirements, saying no circumstances justify such "extraordinary relief."
November 01, 2024
The Fifth Circuit said it won't immediately start tolling compliance deadlines for the Consumer Financial Protection Bureau's small business lending data collection rule and will reserve judgment on whether to stay the rule pending an appeal by the bank trade groups challenging it.
October 24, 2024
Lender trade groups that sued the Consumer Financial Protection Bureau over its reporting requirements for small businesses have appealed to the Fifth Circuit after a Texas federal judge granted the bureau's request for summary judgment in August.
August 26, 2024
The Consumer Financial Protection Bureau landed an early win Monday in an industry-backed challenge to its reporting requirements for small business lenders, with a Texas federal judge finding the rule "is much more modest than plaintiffs would lead the court to believe."
June 25, 2024
The Consumer Financial Protection Bureau on Tuesday formally pushed back the compliance deadlines for its contested rule that establishes reporting requirements for the small-business lending market, putting nearly 10 more months on the clock for banks and other lenders after a court-ordered stay.
April 15, 2024
The Consumer Financial Protection Bureau has urged a Texas federal judge to dispense with an industry-backed challenge to its now-stayed reporting requirements for lenders in the nearly $2 trillion small-business loan market, arguing much of the case boils down to a beef with Congress for mandating the requirements in the first place.
March 04, 2024
Bank trade groups have urged a Texas federal judge to strike down the Consumer Financial Protection Bureau's small-business lending data rule as "government run amok," arguing it is a multibillion-dollar boondoggle that exceeds the agency's authority.
October 26, 2023
A Texas federal judge has broadened a preliminary injunction pausing the Consumer Financial Protection Bureau's data collection rule on small business lending to cover all lenders who are potentially subject to the rule after previously limiting it to certain banks.
August 11, 2023
A pair of top credit union trade groups have asked a Texas federal court to allow them to intervene in a suit challenging the constitutionality of a Consumer Financial Protection Bureau rule, arguing an injunction issued in July was too narrow and leaves credit unions open to "irreparable harm."
August 07, 2023
Trade groups representing community banks are asking to join an ongoing Texas federal court lawsuit over a new Consumer Financial Protection Bureau rule that calls for lenders to report data on their small business lending, requirements that the overseeing judge recently put on hold for other banks.