The Consumer Financial Protection Bureau has survived many constitutional challenges since it was created by the Consumer Financial Protection Act, 12 U.S.C. §§ 5481, et seq. (the.
As we previously predicted, the Consumer Financial Protection Bureau (CFPB) has asked the Supreme Court to reverse the recent Fifth Circuit decision finding that the agency's funding is unconstitutional.
CFPB Asks Supreme Court To Rule On Its Constitutionality nationalmortgageprofessional.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgageprofessional.com Daily Mail and Mail on Sunday newspapers.
It certainly feels like a race between innovation and enforcement these days, with regulators and law enforcement stepping up the cautionary rhetoric and promising broader enforcement.
Dive into the Fifth Circuit decision in CFSAA v. CFPB. The Fifth Circuit ruled CFPB’s automatic funding structure violates the Constitution but what are the next steps, what is the impact for small lenders and mortgage companies, and what compliance challenges will CFPB face.