A federal judge in Fort Worth, Texas, on Friday blocked a new Biden administration rule that would prohibit credit card companies from charging customers late fees higher than $8.

US District Judge Mark T. Pittman, an appointee of former President Donald Trump, granted a preliminary injunction to several business and banking organizations that allege the new rule violates several federal statutes.

These organizations, led by the right-leaning US Chamber of Commerce, sued the Consumer Financial Protection Bureau after the rule was finalized in March. The rule, which was set to go into effect Tuesday, would save consumers about $10 billion per year by cutting fees from an average of $32, the CFPB estimated.

  • Ensign_Crab@lemmy.world
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    6 months ago

    I’m more willing to give Biden credit when he’s blocked by trump appointed judges than I am when he’s blocked in the senate by members of the party he nominally heads.

    • disguy_ovahea@lemmy.world
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      6 months ago

      The Legislative Branch does not report to the Executive Branch, it checks it. If the Senate reported to the President, they wouldn’t be doing their job. Trump’s presidency was a good example of corruption of governmental checks and balances.

      • Ensign_Crab@lemmy.world
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        6 months ago

        The Legislative Branch does not report to the Executive Branch, it checks it.

        Do they ever. And you may support legislators based solely on how reliably they kill progressive policy for you, but I don’t.