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Federal Court Issues Nationwide Injunction Of CFPB s Small Business Lending Rule - Financial Services

Fifth Circuit issues Nationwide CFPB Small Business Lending Rule Injunction

Fifth Circuit issues Nationwide CFPB Small Business Lending Rule Injunction
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Court Issues Nationwide Stay of CFPB s Section 1071 Small Business Lending Rule | Insights

On Oct. 26, 2023, the U.S. District Court for the Southern District of Texas issued a nationwide injunction prohibiting the Consumer Financial Protection Bureau (CFPB) from implementing or enforcing its Small Business Lending Rule, which was crafted to implement Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

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