Category: Consumer Finance

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Court Rules That Consumer Financial Protection Bureau Is Unconstitutional

Summary of SDNY order holding that CFPB is unconstitutional CFPB v. RD Legal Funding, LLC, 17-cv-890 (June 21, 2018, S.D.N.Y.) Last week, a federal court in New York ruled that the entire Consumer Financial Protection Bureau (“CFPB”) is unconstitutional. The CFPB was established by Congress in response to the 2007-2008 financial crisis to regulate financial … Continue Reading