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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
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.
The DC Circuit’s Big cfpb ruling carries wide Implications. Here’s What’s Next. Either side could decide to take the dispute to the U.S. Supreme Court, and things could get tricky there. For the moment, the D.C. Circuit’s ruling in PHH v. CFPB keeps the status quo-the president can only remove the agency director for cause, not at will,
The D.C. Circuit’s Ruling. Constitutionality of the CFPB’s Structure. After the D.C. Circuit panel hearing the case raised sua sponte constitutional concerns about the CFPB’s structure, PHH argued that the CFPB’s status as an independent agency headed by a single director violates Article II of the U.S. Constitution.
Today, the D.C. Circuit Court of Appeals, sitting en banc, held that the structure of the CFPB is constitutional, overturning an earlier ruling by a panel of the Court that would have allowed the.
Today, the D.C. Circuit Court of Appeals, sitting en banc, held that the structure of the CFPB is constitutional, overturning an earlier ruling by a panel of the Court that would have allowed the President to fire the CFPB director at will.
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Today, the U.S. Court of Appeals for the District of Columbia, sitting en banc, issued its decision in PHH Corporation, et al. v. Consumer Financial Protection Bureau, on whether the provision in the Dodd-Frank Act that the director of the CFPB cannot be removed by the President for any reason other than "inefficiency, neglect of duty, or malfeasance" is consistent with Article II of the.