DC Circ. Single-Director Ruling May Hinder CFPB Enforcement
Law360, New York (October 12, 2016, 6:57 PM EDT) -- The D.C. Circuit on Tuesday made it more complicated for the Consumer Financial Protection Bureau to bring some enforcement actions in both federal court and through administrative proceedings, and may have strengthened companies' hands in trying to fend off certain claims, experts say.
Although the D.C. Circuit's decision in PHH Corp.'s appeal of a $109 million penalty assessed by the CFPB grabbed headlines for the court's declaration that the bureau's structure was unconstitutional, the decision also invalidated the bureau's penalty against the company. In doing so, the D.C. Circuit laid out what it found were major problems in the way the...
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!