CFPB Agrees Single-Director Structure is Unconstitutional, Requests U.S. Supreme Court Reviews Case

How much authority does the President of the United States have over the Consumer Financial Protection Bureau (CFPB or Bureau) and its director? This question has seen a steady rise and fall up the judicial ladder, but it appears we may soon get a final answer from the U.S. Supreme Court in Seila Law LLC v. CFPB, Docket No. 19-7. The Supreme Court has not yet granted a writ of certiorari—its permission to hear the case—but it seems this particular case might stand a better chance than prior cases due to its focused, single-question request.

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News and Opinion

from insideARM.com

» CFPB Agrees Single-Director Structure is Unconstitutional, Requests U.S. Supreme Court Reviews Case

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You Oughta Know, 23 September 2019

Welcome to You Oughta Know, a collection of links from around the internet that you should probably know about.

• Like It Or Not, Law May Open Its Doors To Nonlawyers. "Illinois is poised to launch an official exploration into opening up the legal profession to nonlawyers, in what some say could be a "tipping point" for such efforts to increase access to legal help, despite heated attorney opposition in places like California." (Law360)
• VA concedes its debt collection systems leave veterans confused, frustrated. "Veterans Affairs officials acknowledged to lawmakers that the department’s debt collection practices remain “too clunky and too confusing” to ensure families aren’t left in financial jeopardy. And they promised additional reforms within the next year." (Military Times)
  
• The US economy isn't in the clear. A recession is still on the table. "The stock market is once again nearing record highs amid investor hopes that a recession is off the table — at least for now." (CNN)
  

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Women in Consumer & Commercial Finance Conference 2019

11 December 2019 at 06:00 p.m.

Sharpen your leadership skills, expand your professional network and help improve your workplace culture when you attend Women in Consumer & Commercial Finance – a conference and networking event for ALL women in consumer & commercial finance.

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