Texas federal judge blocks updated fair lending rules
163.00 €
Published date: 12/04/2024
- Location: 59240, Moxico, France
By Nate Raymond
March 29 (Reuters) - A federal judge in Texas on Friday blocked enforcement of new regulations adopted during the Biden administration that sought to overhaul how lenders extend online payday loans no credit check and other services to low- and moderate-income Americans.
U.S. District Judge Matthew Kacsmaryk in Amarillo, Texas, sided with banking and business groups including the American Bankers Association and U.S. Chamber of Commerce in finding the new rules ran afoul of the Community Reinvestment Act of 1977.
The judge, an appointee of Republican former President Donald Trump, issued a preliminary injunction blocking their enforcement before they could take effect Monday. The agencies and trade groups did not respond to requests for comment.
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March 29 (Reuters) - A federal judge in Texas on Friday blocked enforcement of new regulations adopted during the Biden administration that sought to overhaul how lenders extend online payday loans no credit check and other services to low- and moderate-income Americans.
U.S. District Judge Matthew Kacsmaryk in Amarillo, Texas, sided with banking and business groups including the American Bankers Association and U.S. Chamber of Commerce in finding the new rules ran afoul of the Community Reinvestment Act of 1977.
The judge, an appointee of Republican former President Donald Trump, issued a preliminary injunction blocking their enforcement before they could take effect Monday. The agencies and trade groups did not respond to requests for comment.
If you loved this write-up and cash advance now you would certainly such as to receive even more information relating to payday loans online no credit check kindly go to our own web page.
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