Federal judge halts new U.S. rules limiting credit card late fees | Bank lobbyists challenged the legality of the cap, which was set to take effect next week.

Open link in next tab

Federal judge halts new U.S. rules limiting credit card late fees

https://wapo.st/4aiN1Au

Bank lobbyists challenged the legality of the cap, which was set to take effect next week

Federal judge halts new U.S. rules limiting credit card late fees

The judge is a Trump appointee.. I'll also note that he's in Texas, where the rules against judge-shopping aren't being applied, so the suit was likely filed with advance knowledge that he'd be hearing it.