Morgan Drexan Says It Is Entitled To Challenge CFPB's Existence

Law360, New York (September 16, 2013, 2:48 PM EDT) -- Litigation support company Morgan Drexen Inc. insisted on Friday that it has the right to mount a constitutional challenge to the existence of the Consumer Financial Protection Bureau in a Washington, D.C., suit over an agency probe into its allegedly deceptive debt-settlement practices.

Morgan Drexen says the CFPB is mistaken in arguing that the company lacks standing to proceed with a suit preemptively questioning the agency's right to exist, saying the U.S. Supreme Court’s 2010 ruling in Free Enterprise Fund v. Public Co. Accounting Oversight Board...
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