The Consumer Financial Protection Bureau has made its decision — it will fight to maintain its current funding mechanism before the Supreme Court — choosing to file a petition for the highest court in the land to hear its appeal rather than file a petition for an en banc review …
Read More »Tag Archives: Community Financial Services Association and Consumer Service Alliance of Texas v. Consumer Financial Protection Bureau
CFPB Responds to TransUnion Motion by Blasting Fifth Circuit Ruling
The ruling from the Fifth Circuit Court of Appeals doesn’t “make sense” and is “without support in law,” the Consumer Financial Protection Bureau argues in a response to a motion for supplemental authority that was filed by TransUnion as it seeks to use the ruling to get a lawsuit filed …
Read More »W.V. AG Calls for CFPB to Stop Using ‘Unconstitutionally Appropriated’ Funds
The Attorney General of West Virginia has become the first to publicly question how the Consumer Financial Protection Bureau will continue to operate following a ruling last week from the Court of Appeals for the Fifth Circuit, sending a letter to the director of the agency asking what plans it …
Read More »Appeals Court Rules CFPB’s Funding Structure is Unconstitutional
The Court of Appeals for the Fifth Circuit yesterday took a leg out from under the Consumer Financial Protection Bureau yesterday, ruling that the manner in which the agency is funded is unconstitutional and invalidating a rule on payday lending that was issued back in 2017 and was subsequently amended …
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