May 19, 2023 | Congressional Legislation, Litigation, News
144 Current and Former Members File Amicus Brief Supporting CFPB in SCOTUS Case Earlier this month, Congresswoman Maxine Waters (D-Calif.), top Democrat on the House Financial Services Committee (HFSC), and Senator Sherrod Brown (D-Ohio), Chairman of the Senate...
Mar 24, 2023 | Federal Regulation, Litigation, News
As SCOTUS Plans to Make Determination, Second Circuit Rules CFPB’s Funding is Constitutional Last week, a three-judge panel of the U.S. Court of Appeals for the Second Circuit ruled that the funding of the Consumer Financial Protection Bureau (CFPB) through the...
Mar 1, 2023 | Federal Regulation, Litigation, News
Supreme Court Opts to Hear CFPB Funding Case On Monday, the Supreme Court of the United States announced its long-awaited decision to hear a landmark case in its next term, Consumer Financial Protection Bureau (CFPB) v. Community Financial Services Association of...
Nov 23, 2022 | Federal Regulation, Litigation, News
CFPB Asks SCOTUS to Uphold Constitutionality of Funding Last week, the Consumer Financial Protection Bureau (CFPB) filed a petition asking the U.S. Supreme Court to undo a ruling by the Fifth Circuit Court of Appeals that determined the Bureau’s funding structure was...
Oct 21, 2022 | Federal Regulation, Litigation, News
Fifth Circuit Court of Appeals Finds CFPB Funding Mechanism is Unconstitutional On Wednesday night, the Fifth Circuit Court of Appeals issued a long-awaited ruling which found that the independent funding mechanism Congress established to insulate the Bureau from...
Oct 14, 2022 | Congressional Legislation, Litigation, News
State AGs Sue to Halt Cancellation of Student Loan Debt Last month, Attorneys General in several states filed a complaint against President Biden, Secretary of Education Miguel Cardona, and the U.S. Department of Education seeking to block the implementation of the...