Does CFPB Have Jurisdiction Over Service Contracts?

Law360, New York (July 19, 2013, 10:21 AM EDT) -- Since becoming operational after its creation under the Dodd-Frank Wall Street Reform and Consumer Protection Act[1], the Bureau of Consumer Financial Protection (more commonly known as the CFPB) has demonstrated an aggressive nature in protecting consumers that purchase and policing businesses that sell consumer financial products and services.

Although up until July 16, 2013, when the U.S. Senate confirmed his appointment, the CFPB’s first appointed director’s status had been in a state of limbo based on the recently decided Noel Canning v. National Labor Relations Board[2] federal case’s holding that three of the National Labor Relations Board’s Commissioners were not properly...

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