United States: Chamber Of Commerce Sues CFPB To Eliminate Or Enjoin $8 Late Fee Cap - Goodwin Procter LLP

Last week, the U.S. Chamber of Commerce (Chamber) joined five other trade associations to sue the Consumer Financial Protection Bureau (CFPB) and its director Rohit Chopra in Texas Federal District Court, seeking a court order declaring a recent CFPB rule arbitrary and capricious, vacating the rule, and enjoining its enforcement.