CFPB Defends Constitutionality Of Its Structure In 2nd Circ.

Law360 (March 18, 2019, 10:17 PM EDT) -- The Consumer Financial Protection Bureau told the Second Circuit on Friday the Dodd-Frank Act provision protecting its director from being fired at will by the president isn't unconstitutional, and even if it were, there's a better, far less drastic solution than one advanced by a Manhattan federal judge last summer.

In a nearly 12,000-word brief, the CFPB argued that U.S. District Judge Loretta Preska got it wrong in June when she held the agency to be unconstitutionally structured under Dodd-Frank's Title X and struck down that section of the law entirely, knocking the legs out from under the agency's case against...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS