Federal judge temporarily halts Biden plan to lower credit card late fees to $8
Federal judge temporarily halts Biden plan to lower credit card late fees to $8
A federal judge in Texas temporarily halted a plan by the Biden administration to lower late fees on credit cards to $8 that was slated to go into effect next week
cross-posted from: https://lemmy.world/post/15277052
The judge...
The temporary nationwide injunction imposed by Judge Mark Pittman in the Northern District of Texas is a win for the big banks and major credit card companies, which collect billions in revenue each year in late fees and were looking to stop the proposal from going into effect.
Being fair to the judge
Pittman ordered the case moved to Washington, D.C., because of the fact that few banks operate in northern Texas. However, an appeals court reversed most of Pittman's decision and ordered him to rule on the bank's request for an injunction.
While Pittman did impose the injunction, he used a significant portion of his order to chastise the Fifth Circuit Court of Appeals for sending this case back to him after he had already ruled that the case should be handled out of Washington. Critics of the lawsuit have called the case the latest example of judicial “forum shopping,” where a company files a lawsuit in a friendly district in order to have a greater likelihood of getting a favorable ruling.
Even he said he should not be making this decision
They need to finally lock down this judge shopping crap. The district handling the case should be the same district the defendant resides in. Otherwise plaintiffs will just refile over and over until they get the judge they want.
I used to wonder how people like this can sleep with themselves
The past decade or so has shown me that some people are so truly malignant, I'm never going to be able to rationalise their actions from my frame of reference