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WASHINGTON, DC — Issuing a costly decision for millions of Americans, Trump-appointed Judge Mark Pittman of the Northern District of Texas blocked the Consumer Financial Protection Bureau’s (CFPB) final rule capping most credit card late fees at $8. The rule was expected to save Americans over $10 billion per year in credit card late fees—funds that will now continue to boost the profits of the nation’s largest banks.

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The U.S. Chamber continues to do the dirty work of the country’s biggest banks. And their success today, brought about by venue shopping, opens the door for big banks to continue exploiting families to maximize already high industry profits. The CFPB’s rule would have protected consumers over profits—and that’s something big industry won’t tolerate.”

Accountable.US Liz Zelnick

Last March, the U.S. Chamber of Commerce filed a suit against the CFPB before the right-wing-friendly Northern District Court of Texas, a pipeline to the 5th Circuit Court of Appeals. 

As government watchdog Accountable.US has documented, the case has been tainted by previous conflicts of interest involving at least one Fifth Circuit Judge, a worsening judge shopping crisis, and a swampy web of influence between some of the Judges involved and the U.S. Chamber. 

Notably, the U.S. Chamber files nearly 60% of its lawsuits challenging federal regulations in courts under the Fifth Circuit’s jurisdiction.

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