The DC Circuit’s Big CFPB Ruling Carries Wide Implications. Here’s What’s Next
PHH sought review in the D.C. Circuit, and a panel of that court had stayed the Bureau’s order pending appeal. The Bureau’s Structure Is Unconstitutional In Part. The D.C. Circuit first held that "the CFPB is unconstitutionally structured because it is an independent agency headed by a single Director." Slip Op. at 64.
The DC Circuit’s Big CFPB ruling carries wide implications. Here’s What’s Next. ALM Media. the D.C. Circuit’s ruling in PHH v. CFPB keeps the status quo-the president can only remove the.
Read more: The DC Circuit’s Big CFPB Ruling Carries Wide Implications. Here’s What’s Next DC Circuit Won’t Upend CFPB’s Single-Director Power Structure California Judge Blisters CFPB, Rejects $235M.
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The DC Circuit’s Big CFPB Ruling Carries Wide Implications. Here’s What’s Next Second, last Friday the CFPB filed a petition for en banc rehearing of the PHH decision, citing serious concerns about the DC Circuit’s "dramatic and unprecedented ruling." 2 The petition requests review of the holdings that found (1) the CFPB’s single-director structure to be unconstitutional, and (2) that the bureau misinterpreted RESPA.
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Credit: Mike Scarcella / NLJ [/caption] A federal appeals court decision Wednesday upholding the lawfulness of the Consumer Financial Protection Bureau’s independent, single-director design will carry.
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Covington’s industry-leading Consumer Financial Services practice focuses on:. The DC Circuit’s Big CFPB Ruling Carries Wide Implications. Here’s What’s Next.. the Consumer Financial Protection Bureau ("CFPB") issued its outline of proposals under consideration for a debt collection.
On October 11th, the US Court of Appeals for the DC Circuit ruled that the CFPB cannot continue to operate under the leadership of a lone individual unencumbered by any branch of government. In stark contrast to other federal agencies, the Bureau has thus far had a single director, Richard Cordray, who could only be removed from his position "for cause" and not at the president’s volition.