"Texas Judge Transfers Credit Card Fee Lawsuit to Washington, D.C. Amid Accusations of Venue Shopping"

A Texas federal judge criticized major banking industry groups and the U.S. Chamber of Commerce for choosing Texas as the venue to challenge the Consumer Financial Protection Bureau's regulations on credit card late fees, ruling that the lawsuit should be transferred to Washington. The judge accused the industry of "venue shopping" and emphasized that the choice of venue should not be at the plaintiff's whim. The lawsuit concerns the CFPB's new regulations capping credit card late fees, with the banking industry seeking to block the rule due to potential revenue losses.