Trump-appointed judge blocks Biden rule on credit card fees
A judge appointed by Donald Trump has halted a Biden administration rule aimed at capping credit card fees, granting a win for big banks.
The rule, which was set to save consumers more than $10 billion annually, faced opposition from the US Chamber of Commerce.
The chamber filed an injunction in court.
Judge Mark Pittman’s decision, criticized for prolonging consumer burden, paused the rule’s May 14 implementation.
Critics, including Sen. Elizabeth Warren and advocacy group Accountable.US, condemned the decision as favoring corporate profits over consumer protection.
The chamber’s strategic lawsuit filed in Texas courts, which is known for conservative leanings, sparked controversy.
Judge Don Willett, who has financial ties to affected banks, declined recusal.
This lack of transparency has fueled calls for judicial ethics reform from watchdog groups like Citizens for Ethics in Washington.
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