CFPB Says Credit Card Shares Disqualifying In 5th Circ. Case

[Gunnar Larson]

CFPB Says Credit Card Shares Disqualifying In 5th Circ. Case
<https://www.law360.com/fintech/articles/1824613?nl_pk=d2b3e7ef-ab62-4a62-804a-08b1615aa913&utm_source=newsletter&utm_medium=email&utm_campaign=fintech&utm_content=2024-04-12&read_main=1&nlsidx=0&nlaidx=1>

By Jon Hill

The Consumer Financial Protection Bureau sparred Thursday with a coalition
of trade groups over recusal standards in their Fifth Circuit lawsuit
challenging the agency's new $8 credit card late fee rule, arguing that a
judge's ownership of stock in a major card-issuing bank ought to be
disqualifying in itself.

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