CFPB Dodges Suit Challenging Its Right To Exist

Law360, Los Angeles (October 17, 2013, 9:15 PM EDT) -- A Washington federal judge granted summary judgment Thursday to the Consumer Financial Protection Bureau in a lawsuit brought by Morgan Drexen Inc. in which the litigation support company challenged CFPB’s constitutional right to exist, but didn’t address the merits of the constitutional challenge.

The decision comes a month after Morgan Drexen insisted that it has the right to mount a constitutional challenge to the existence of the CFPB in a suit over an agency probe into its allegedly deceptive debt-settlement practices. Morgan Drexen said the CFPB...
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