Court Challenge to CFPB's $8 Credit Card Late Fee Rule to Remain in Texas

A federal appeals court has ruled that a lawsuit against the CFPB's new $8 credit card late-fee rule will stay in Texas, rather than be transferred to Washington, D.C. American Banker spoke to Alan S. Kaplinsky about the implications of that decision.

Mr. Kaplinsky is the former longtime leader of Ballard Spahr's Consumer Financial Services Group. He is a regular contributor to the Consumer Finance Monitor Podcast and Consumer Finance Monitor blog.

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