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ARTICLE · 01 SEPTEMBER 2016

Payment Processor Group Files Amicus Brief In CFPB v. Intercept Case

Troutman Pepper Locke LLP
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On August 15, the TPPPA filed a brief, amicus curiae, in support of the defendants' motion to dismiss in the Consumer Financial Protection Bureau's lawsuit against Intercept.

United StatesConsumer Protection
Reade Jacob
Reade Jacob
Ashley L. Taylor
Ashley L. Taylor
Keith Barnett
Keith Barnett
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On August 15, the Third Party Payment Processors Association ("TPPPA"), a national, not-for-profit organization of payment processors, payroll processors, and banks, this week filed a brief, amicus curiae, in support of the defendants' motion to dismiss in the Consumer Financial Protection Bureau's lawsuit against Intercept. The TPPPA filed the amicus brief in the United States District Court for the District of North Dakota (Case No. 3:16-cv-00144-ARS).

According to a press release issued by the TPPPA, the group filed the amicus brief in light of the CFPB's position that certain conduct should be deemed "unfair" under the Consumer Financial Protection Act without alleging a violation of a substantive federal law or industry rule. The TPPPA believes that this position will adversely affect the due process rights of all third party payment processors and others in the payments industry if the lawsuit is not dismissed.

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