Texas judge moves late fee case to DC, accusing banks of venue shopping for favorable ruling
- The lawsuit addresses the CFPB's new regulations on credit card late fees, capping the average late fee at $8, down from $32.
- Major banking groups filed the lawsuit in the U.S. District Court in the Northern District of Texas.
- Industry and interest groups frequently challenge the Biden administration in this district due to its conservative judges.
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Leaning Left3Leaning Right2Center9Last Updated29 days agoBias Distribution64% Center