A federal appeals court ruled on April 5 that a Texas judge incorrectly transferred a lawsuit challenging the Consumer Financial Protection Bureau's (CFPB) rule capping credit card late fees at $8 to a court in Washington, D.C. The Fifth Circuit Court of Appeals ordered the case to return to Texas, highlighting issues of 'judge shopping.' The lawsuit, backed by the banking industry and the U.S. Chamber, aims to stop the implementation of the CFPB's rule, arguing that it would reduce the current average late fee of $35, which can go as high as $41. This legal battle has raised questions about a potential conflict of interest involving a circuit court judge who owns shares of @Citi and has prompted the Fifth Circuit to request additional briefing on recusal. Meanwhile, the U.S. Judicial Conference's Advisory Committee on Civil Rules is considering measures to curb 'judge shopping' by assigning cases challenging government policies randomly.
Big banks are challenging @POTUS’ crackdown on credit card late fees —and a judge hearing the case owns shares of @Citi, one of the biggest credit card companies. The Fifth Circuit is right to take a serious look at this conflict of interest. https://t.co/xUg2zLVuBR
The @CFPB’s credit card penalty fee rule will only restrict Americans’ access to credit, particularly for those who need it most. I’m leading the fight against this ill-conceived rule. https://t.co/q9gt3nSR2x
The Fifth Circuit has ordered additional briefing in a banking industry-backed challenge to the CFPB's $8 credit card late-fee rule amid questions that have been raised about a potential conflict of interest involving a circuit court judge on the case. https://t.co/vZmI8akxpB https://t.co/QMPLXThIUe
The US Judicial Conference's Advisory Committee on Civil Rules decided to wait to see how courts implement a new policy that aims to curb 'judge shopping.' Under that policy, any case challenging government policies would be assigned a judge randomly https://t.co/sZejLVrFWw https://t.co/AOU3d1hRid
The US Judicial Conference's Advisory Committee on Civil Rules endorsed a final version of a proposed rule that aims to give judges overseeing MDLs guidance on how to conduct early case management when they are tasked with overseeing hundreds of lawsuits https://t.co/9Xn2JqLVZE https://t.co/BmGSdrNklv
5th Circuit Says District Court Lacked Jurisdiction to Transfer CFPB Late-Fee Rule Suit Out of Texas https://t.co/U61fj7p7vV #5thcircuit #CFPB #finance @jacq_thomsen https://t.co/JvS4hSc1ev
US judicial panel to wait on curbing 'judge shopping' through rule @nateraymond https://t.co/sZejLVr86Y https://t.co/DrXXySeRJk
Appeals court weighs recusal in CFPB credit card late fee lawsuit https://t.co/q5c45JgKyU
The U.S. Chamber is suing the CFPB in an attempt to stop implementation of a final rule that would cap bank late fees on credit cards at $8. Currently, the late fees average $35 and can be as high as $41. https://t.co/pEW4onvRXL
5th Circuit Says District Court Lacked Jurisdiction to Transfer CFPB Late-Fee Rule Suit Out of Texas https://t.co/U61fj7p7vV #5thcircuit #CFPB #finance @GT_Law https://t.co/Y30nmNMB3B
Venue Fight: Federal Judge Forced to Reopen Credit Card Case https://t.co/0vAMM0LZzz
Venue Fight: Federal Judge Forced to Reopen Credit Card Late Fees Case https://t.co/PN3SX8wZDs
A Texas judge wrongly transferred to another court in D.C., an industry-backed lawsuit challenging a CFPB rule on credit card late fees, a 5th Circuit panel said in a ruling on April 5 that addressed the debate over 'judge shopping' https://t.co/S2OmoUfYCl https://t.co/OCdIBSpL25
The Fifth Circuit ordered a return to Texas for a bank industry-backed legal challenge to the Consumer Financial Protection Bureau's $8 credit card late fee standard, throwing out a Texas federal judge's decision to send the case to D.C. federal court. https://t.co/UOpdNAZw4P
A federal appeals court ruled on April 5 that a Texas judge wrongly transferred to another court in Washington, D.C., an industry-backed lawsuit challenging an agency rule on credit card late fees, highlighting the debate over 'judge shopping' https://t.co/S2OmoUfYCl https://t.co/RK0Jlmb58P
The Fifth Circuit sent the credit card late fee lawsuit back down to the federal court in Fort Worth. At least for now. The case had already been docketed in the D.C. District Court, so still, who knows where this ends up. https://t.co/xMU3EWE1tM