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Senate. To carry out the executive power and be accountable.. against whom to enforce the law; and what sanctions and. The petitioner here, PHH, is a mortgage lender and was. This new agency, the CFPB, lacks that critical check and.. and the public at large that the agency's decision might merit.
On January 31, 2018, the US Court of Appeals for the District of Columbia Circuit issued a ruling en banc in PHH Corporation v. CFPB that may have a significant impact on the future operations of the CFPB, as well as on industry participants’ responses to supervision and enforcement.
DC Circuit Reverses Decision Stripping CFPB of Autonomy Published on January 31, 2018 by Sam Knight The second highest court in the country overturned a ruling that would have deprived the Consumer Financial Protection Bureau of independence.
D.C. Circuit’s CFPB Decision: Findings and Implications. Allison Schoenthal and Gregory Lisa have contributed an article to the New York Law Journal titled D.C. Circuit’s CFPB Decision: Findings and Implications. Click here to read the full article on the New York Law Journal website. Download PDF Share Back To Listing
DC Circuit Won’t Upend CFPB’s Single-Director Power Structure. Big Pictures and Fine Details.. you can sign up for an unlimited number of a wide range of complimentary newsletters.
Today the united states court of Appeals for the DC Circuit issued its long-awaited ruling in the PHH v. CFPB appeal (opinion here). LLW has written about the PHH case here and here before, and below are some quick takeaways from the court’s 110-page ruling for industry watchers: The court deter.
On January 31, 2018, the US Court of Appeals for the District of Columbia Circuit issued a ruling en banc in PHH Corporation v.CFPB that may have a significant impact on the future operations of the CFPB, as well as on industry participants’ responses to supervision and enforcement. Specifically, the court upheld the constitutionality of the CFPB’s structure as an independent financial federal.
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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.