CFPB Seeks Stay of Kentucky Challenge to Small-Business Lending Rule

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The CFPB has so far not moved to stay the Florida lawsuit, which is also due to conclude summary judgment briefing soon.

A CFPB spokesperson declined to comment on the agency’s Tuesday motion.

A Kentucky Bankers Association spokesperson did not immediately respond to a request for comment late Tuesday.

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The Kentucky Bankers Association and its co-plaintiffs are represented by John T. McGarvey and M. Thurman Senn of Morgan Pottinger McGarvey.

The CFPB is represented in-house by Kevin E. Friedl and Karen Bloom.

The case is The Monticello Banking Co. et al. v. Consumer Financial Protection Bureau et al., case number 6:23-cv-00148, in the U.S. District Court for the Eastern District of Kentucky.