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Judge Mark Pittman blocks the CFPB's credit card late fee rule under 5th Circuit precedent re: CFPB's funding structure
The 5th Circuit previously ruled the the CFPB's funding structure was unconstitutional. Therefore, Judge Pittman says "any regulations promulgated under that regime are likely unconstitutional as well."
Judge Mark Pittman also gives the 5th Circuit a little piece of his mind.
Chris “Law Dork” Geidner
@chrisgeidner
BREAKING: Judge Mark Pittman blocks the CFPB's credit card late fee rule under Fifth Circuit precedent re: CFPB's funding structure.
He does so, however, in a ruling that repeatedly challenges the Fifth Circuit's behavior in the Chamber's case. https://storage.courtlistener.com/recap/gov.uscourts.txnd.387342/gov.uscourts.txnd.387342.82.0_1.pdf
@chrisgeidner
BREAKING: Judge Mark Pittman blocks the CFPB's credit card late fee rule under Fifth Circuit precedent re: CFPB's funding structure.
He does so, however, in a ruling that repeatedly challenges the Fifth Circuit's behavior in the Chamber's case. https://storage.courtlistener.com/recap/gov.uscourts.txnd.387342/gov.uscourts.txnd.387342.82.0_1.pdf
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