It’s a ruling which will certainly generate plenty of discussion, and potentially an appeal from a Consumer Financial Protection Bureau which has appeared less and less likely to pursue civil cases.
The decision by Judge Charles Simpson of the District Court in the Western District of Kentucky in Consumer Financial Protection Bureau v. Borders & Borders to deny the bureau’s motion for reconsideration is notable as much for its change in direction as for its final ruling.
Read on for more on the differences between his latest ruling and the initial decision, along with industry reaction.
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