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Community Financial Services Association of America, Ltd. et al v. Consumer Financial Protection Bureau et al

  1. November 07, 2018

    CFPB's Payday Rule Compliance Date Stayed By Texas Judge

    A Texas federal judge has paused implementation of the Consumer Financial Protection Bureau’s payday lending rule, indefinitely staying the August 2019 compliance date after the agency announced plans to start revisiting key portions early next year.

  2. September 26, 2018

    Church Org Can't Join CFPB Payday Rule Suit, Groups Say

    The payday lender trade groups suing the Consumer Financial Protection Bureau to block its so-called payday rule urged a Texas federal judge Wednesday to reject a bid by a Baptist church organization to join the case as a defendant, saying that the intervention effort is "premature, speculative and can only confuse matters."

  3. September 17, 2018

    Trade Groups Seek Injunction On CFPB Payday Lending Rule

    Two payday lender trade groups on Friday in Texas federal court motioned for a preliminary injunction on the Consumer Financial Protection Bureau's payday lending rule, arguing that the rule would restrict more than 90 percent of the payday loans currently made if it goes into effect in August 2019.

  4. August 08, 2018

    CFPB, Payday Groups Again Denied Stay Of Payday Rule

    A Texas federal judge has again turned down a request from the Consumer Financial Protection Bureau and two payday lender trade groups to stay the August 2019 compliance date of the agency's so-called payday rule, which puts restrictions on payday and other small-dollar lenders.

  5. June 12, 2018

    Judge Denies Bid By CFPB, Groups To Stay Payday Rule

    A Texas federal judge ruled Tuesday that he won't stay the compliance date of the Consumer Financial Protection Bureau's so-called payday lending rule, but will stay a lawsuit brought against the agency by two payday lender trade groups challenging the rule.

  6. June 11, 2018

    Payday Groups Defend Joint Request For CFPB Rule Stay

    Two payday lender trade groups on Monday defended their joint request to the Consumer Financial Protection Bureau for a stay of the compliance date of the agency's so-called payday rule, telling a Texas federal judge that the consumer advocates who want to weigh in against the request are off the mark.

  7. May 31, 2018

    CFPB, Trade Groups Seek Payday Rule Delay, Suit Stay

    The Consumer Financial Protection Bureau and two payday lender trade groups joined together Thursday in asking a Texas federal judge to both stay the groups' suit challenging the agency's so-called payday rule and postpone the rule's compliance date until after the case is finished.

  8. April 09, 2018

    2 Lender Trade Groups Sue CFPB Over Payday Lending Rule

    Two payday lender trade groups sued the Consumer Financial Protection Bureau over its "draconian" final rule on short-term loans in Texas federal court on Monday, challenging the regulation requiring lenders to evaluate whether borrowers can repay loans because they said the agency overstepped constitutional safeguards.

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