Tag Archives: CFPB
SCOTUS Enforcement Ruling a Boon to CFPB
CFPB Determines Own Structure Unconstitutional; RD Legal Claim Likely to be Stayed
Well, how often does this happen? A government agency officially declares itself unconstitutional. That’s what the Consumer Financial Protection Bureau (CFPB) just did, as director Kraninger sent letters to House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell, stating in no uncertain terms that the agency is unconstitutional given the single-director-removable-only-by-POTUS structure.
RD Legal Files Opening Brief in 2nd Circuit Court of Appeal
Consumer legal funder RD Legal has filed its opening brief in the 2nd Circuit Court of Appeal. The funder is appealing Judge Loretta Preska’s June 2018 order to void its funding agreements with ex-NFL players and members of the September 11th Victim’s Compensation Fund, on the basis that the funding agreements were in effect assignments,…
The CFPBs Wild Year, and What to Expect for the Year Ahead
The Consumer Financial Protection Bureau (CFPB) was established under President Obama to enforce consumer protections and regulate lenders and investment entities who may cause harm to both customers and society at large. But 2018 may have been a turning point for the organization, which experienced not one but two new directors, a brief and odd…