Texas Bankers Association et al v. Consumer Financial Protection Bureau et al

  1. November 15, 2024

    Texas Judge Won't Halt CFPB Small-Biz Rule As Banks Appeal

    A Texas federal judge has declined to stay the compliance date of the Consumer Financial Protection Bureau's small-business lending data collection rule while a coalition of bank trade groups appeals his decision to uphold the rule's data collection requirements, saying no circumstances justify such "extraordinary relief."

  2. November 01, 2024

    5th Circ. Punts On Bid To Stay CFPB Small Biz Rule

    The Fifth Circuit said it won't immediately start tolling compliance deadlines for the Consumer Financial Protection Bureau's small business lending data collection rule and will reserve judgment on whether to stay the rule pending an appeal by the bank trade groups challenging it.

  3. October 24, 2024

    Bank Groups Appeal Loss In Suit Over CFPB Small Biz Rules

    Lender trade groups that sued the Consumer Financial Protection Bureau over its reporting requirements for small businesses have appealed to the Fifth Circuit after a Texas federal judge granted the bureau's request for summary judgment in August.

  4. August 26, 2024

    CFPB Defeats Challenge To Small-Biz Lending Rules

    The Consumer Financial Protection Bureau landed an early win Monday in an industry-backed challenge to its reporting requirements for small business lenders, with a Texas federal judge finding the rule "is much more modest than plaintiffs would lead the court to believe."

  5. June 25, 2024

    CFPB Delays Start Of Small-Biz Loan Rule Deadlines Until '25

    The Consumer Financial Protection Bureau on Tuesday formally pushed back the compliance deadlines for its contested rule that establishes reporting requirements for the small-business lending market, putting nearly 10 more months on the clock for banks and other lenders after a court-ordered stay.

  6. April 15, 2024

    CFPB Hits Back At Bank Challenge To Small-Biz Lending Rule

    The Consumer Financial Protection Bureau has urged a Texas federal judge to dispense with an industry-backed challenge to its now-stayed reporting requirements for lenders in the nearly $2 trillion small-business loan market, arguing much of the case boils down to a beef with Congress for mandating the requirements in the first place. 

  7. March 04, 2024

    Banks Say CFPB's Small-Biz Lending Rule Is Gov't 'Run Amok'

    Bank trade groups have urged a Texas federal judge to strike down the Consumer Financial Protection Bureau's small-business lending data rule as "government run amok," arguing it is a multibillion-dollar boondoggle that exceeds the agency's authority.

  8. October 26, 2023

    Texas Judge Expands Hold On CFPB's Small-Biz Lending Rule

    A Texas federal judge has broadened a preliminary injunction pausing the Consumer Financial Protection Bureau's data collection rule on small business lending to cover all lenders who are potentially subject to the rule after previously limiting it to certain banks.

  9. August 11, 2023

    Credit Unions Seek Break From CFPB's Small-Biz Rule, Too

    A pair of top credit union trade groups have asked a Texas federal court to allow them to intervene in a suit challenging the constitutionality of a Consumer Financial Protection Bureau rule, arguing an injunction issued in July was too narrow and leaves credit unions open to "irreparable harm."

  10. August 07, 2023

    Community Banks Want In On CFPB Small-Biz Loan Rule Suit

    Trade groups representing community banks are asking to join an ongoing Texas federal court lawsuit over a new Consumer Financial Protection Bureau rule that calls for lenders to report data on their small business lending, requirements that the overseeing judge recently put on hold for other banks.

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