Supreme Court Agrees to Hear CFPB Constitutionality Case


Posted To: MND NewsWire

The Supreme Court has agreed to hear a case challenging the constitutionality of the Consumer Financial Protection Bureau (CFPB). The case “Seila Law v CFPB could spell the end of the regulatory agency established by the Dodd Frank Wall Street Reform and Consumer Protection Act in 2008 given that the newest member of the Court, Justice Brett Kavanaugh, has already ruled against the agency in a lower court. CFPB began an investigation of Seila Law, a California firm that describes itself as offering a variety of legal services including consumer debt resolution, to determine if it had violated federal telemarketing laws. Seila refused to comply with requests for information and documents, instead suing the agency. It argued that the single director structure of the agency was unconstitutional…(read more)

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