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Consumer Lenders › Motion To Stay

Orrick, Herrington & Sutcliffe LLP

District court agrees to stay and extend CFPB military lending case

Orrick, Herrington & Sutcliffe LLP on

On April 1, the U.S. District Court for the Northern District of Texas granted a joint motion filed by the CFPB and the defendants, a consumer lender and its subsidiaries, in a case alleging the defendants violated the...more

Ballard Spahr LLP

CFPB and trade groups jointly seek stay of lawsuit challenging CFPB payday loan rule and compliance date

Ballard Spahr LLP on

The CFPB and the two trade groups that filed a lawsuit in April 2018 in a Texas federal district court challenging the CFPB’s final payday/auto title/high-rate installment loan rule (Payday Rule) have filed a joint motion...more

Ballard Spahr LLP

Finance Industry Files Lawsuit to Overturn CFPB Arbitration Rule

Ballard Spahr LLP on

The U.S. Chamber of Commerce, American Bankers Association, the Consumer Bankers Association, Financial Services Roundtable, American Financial Services Association, Texas Association of Business, Texas Bankers Association,...more

Burr & Forman

PHH Wins Stay of $109M CFPB Enforcement Penalty

Burr & Forman on

On August 5, 2015, PHH Corp. (“PHH”) won a stay of the $109M penalty handed down by Consumer Financial Protection Bureau (“CFPB”) director Rich Cordray. Cordray’s aggressive legal reasoning and the harsh penalties he imposed,...more

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