Chris Willis, the co-leader of Troutman Pepper’s Consumer Financial Services Regulatory Practice Group, was quoted in the April 11, 2024 American Banker article, “New Twists in Suit Over CFPB’s $8 Late Fee Favor Credit Card Industry.”

“The 5th Circuit has taken control and will issue a preliminary injunction,” said Christopher Willis, a partner at Troutman Pepper, who is not involved in the case.

“It’s not a sure thing that the [$8 late fee] rule will be permanently stayed after the CFSA case shakes out in the Supreme Court, but it will likely be temporarily stayed,” Willis said.