Late Fee Litigation Update

Article

Late Fee Litigation Update

A three-judge panel of the U.S. Circuit Court of Appeals in New Orleans ruled on June 18, 2024, that ongoing litigation tied to the U.S. Consumer Financial Protection Bureau’s (CFPB) $8 cap on credit card late fees must occur in federal court in Texas. The U.S. Chamber of Commerce and the American Bankers Association succeeded in having a federal court in Texas halt implementation of the fee cap. That decision was followed by a higher court ruling in Texas that moved additional appeals to federal court in Washington, DC. The New Orleans decision returns jurisdiction to Texas. The $8...

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Nilson Report

1266

June 2024

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Charts in this Issue

Purchase Volume on US General Purpose Cards—Credit, Debit and Prepaid, Top 25 Issuers

Top 100 Issuers of US Credit and Debit Cards—History of Spending at Merchants, Years 2017 through 2023, Credit, Debit, Prepaid

Purchase Volume at Merchants 2023, Top 100 Issuers: Total, Credit, Signature Debit, PIN Debit, Prepaid

Commercial Bank Credit Card Issuers in Canada, Visa and Mastercard

Canada Corporate Card Issuers

Canada Purchasing and Fleet Card Issuers

Canada Small Business Credit Card Issuers

Top Acquirers of Domestic Debit and Credit Card Transactions in the Middle East and Africa

Merchant Acquirers in the Middle East and Africa