CFPB Says Justices' Seila Ruling Irrelevant To Navient Suit
Law360 (July 15, 2020, 5:36 PM EDT) -- The Consumer Financial Protection Bureau wants its suit against student loan servicer Navient to move ahead, despite the company's claim that the agency had been defanged by the U.S. Supreme Court's Seila decision.
Navient had argued the justices' June ruling in Seila Law LLC v. CFPB, which said the Dodd-Frank Act unconstitutionally insulated the head of the bureau from the president's oversight, meant the CFPB had been "unlawfully constituted" at the time it sued Navient for hurting borrowers.
But the bureau told a Pennsylvania federal court Tuesday that it would continue to pursue its claims against Navient and others. Kathleen L....
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