CFPB Can't Shake Challenge To Financial Law Taskforce

By Jon Hill (February 26, 2021, 8:17 PM EST) -- A Boston federal magistrate judge has ruled that consumer advocates can proceed with their lawsuit that seeks to bar the Consumer Financial Protection Bureau from adopting the recommendations of a Trump-era task force convened to study potential changes to federal consumer financial law.

In a Thursday decision, U.S. Magistrate Judge Jennifer Boal denied a CFPB bid to kneecap the lawsuit over now-former Director Kathleen Kraninger's Consumer Financial Law Taskforce, which consumer advocates have alleged was illegally constituted and designed to support industry-friendly deregulation.

The suit, which the National Association of Consumer Advocates and others filed last summer, was challenged on standing...

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!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!