August 18, 2016
An industry group for payment processing firms blasted a Consumer Financial Protection Bureau lawsuit against Intercept Corp., saying Wednesday that the bureau was engaging in a confusing effort to regulate the industry through enforcement.
July 25, 2016
The Consumer Financial Protection Bureau urged a North Dakota federal judge Monday to toss a payment processor's lawsuit seeking to bar a $12 million administrative proceeding against it on grounds that the bureau is unconstitutional, saying the court should allow the matter to be resolved in the CFPB's enforcement action.
May 19, 2016
The Consumer Financial Protection Bureau violates the separation of powers by vesting all of its authority in its director, making its proceedings unconstitutional and unfair, according to Intercept Corp., a payments processor seeking to bar a $12 million administrative proceeding against it.