Industry Groups Ask Texas District Court to Maintain Injunction on CFPB's Late Fee Rule.

Industry groups have requested that a Texas District Court maintain an injunction on the Consumer Financial Protection Bureau's (CFPB) late fee rule. The plaintiffs argue that the CFPB has not shown any significant changes since the injunction was issued and that the justifications for the injunction still exist. They also propose a 90-day compliance period if the court decides to grant the CFPB's motion to dissolve the injunction. [Extracted from the article]