Overview
Partners Juliana Gerrick and Andrew Owens and of counsel David Switzler authored an article titled "What To Know As CFPB Late Fee Rule Hangs In Limbo," which appeared in Law360.
The article looks at the preliminary injunction against the Consumer Financial Protection Bureau's final rule amending certain provisions of Regulation Z, governing credit card late fees. It also discusses the substance of the final rule and its implications for card issuers and addresses the litigation to date and speculates on what will happen next.
