Pauses

Federal Court Pauses Lawsuit Against CFPB as Negotiations Over Credit Card Late Fee Cap Show Promise

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FORT WORTH, Texas — A federal court has temporarily paused legal proceedings in a high-stakes lawsuit over a contentious rule limiting credit card late fees, an issue that pits financial institutions against consumer advocates. The 30-day stay, authorized by U.S. District Court Judge Mark Pittman on March 13, followed optimistic signals from the Consumer Financial Protection Bureau (CFPB) about reaching a settlement with challengers, including the U.S. Chamber of Commerce and the Consumer Bankers Association. The dispute centers on a CFPB rule established in March 2024, capping credit card late fees at $8, a sharp … Read more

Federal Judge Pauses NYC Mayor Eric Adams’ Corruption Trial, Appoints Ex-Solicitor General for Legal Guidance on Charge Dismissal

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New York, NY – A U.S. federal judge on Friday put a hold on the corruption trial of New York City Mayor Eric Adams, delaying any decision on the Justice Department’s contentious bid to dismiss charges until mid-March at the earliest. The judge also appointed a former U.S. solicitor general as counsel to assess the government’s request, which some critics argue may be politically motivated due to its timing near Adams’ re-election campaign. Mayor Adams, indicted in September, is accused of accepting over $100,000 in illegal campaign contributions and travel benefits from foreign and local … Read more

Federal Judge Pauses Implementation of Corporate Transparency Act, Citing Legal Concerns

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A federal judge in Washington, D.C., has issued a temporary injunction against the Corporate Transparency Act, throwing a wrench into regulations aimed at curtailing financial secrecy among small businesses. The ruling, pending a lawsuit brought forth by a group of business associations, questions the burden imposed by the new law that requires smaller enterprises to disclose their ownership details. The contested legislation, passed with the intent of preventing illicit activities such as money laundering, mandates that businesses with fewer than 20 employees submit significant ownership information to the Financial Crimes Enforcement Network (FinCEN). This provision, … Read more

Judge Pauses Sacramento County’s Legal Battle With City Over Homelessness Solutions for Six Months

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Sacramento, CA — A significant legal battle that throws Sacramento city officials into the hot seat over their handling of the homelessness crisis has been temporarily halted. A Superior Court judge has ordered a six-month stay on the lawsuit filed by the Sacramento County District Attorney against the city, a lawsuit that accuses the local government of not doing enough to address the escalating issue of homelessness. The lawsuit, initiated by DA Anne Marie Schubert, claims that Sacramento has failed to enforce existing laws concerning loitering and public camping, which has exacerbated the conditions for … Read more