PHH Says Only Way To Make CFPB Constitutional Is To Kill It

Law360, New York (March 10, 2017, 4:12 PM EST) -- The mortgage servicer at the center of litigation that could dramatically alter the structure of the Consumer Financial Protection Bureau said Friday that the only way to remedy the constitutional problems inherent to the agency was to eliminate it.

PHH Corp. said in a brief submitted to an en banc panel of the D.C. Circuit that an October ruling in the appellate court that gave the president the authority to fire the CFPB's director at will rather than abiding by a for-cause standard set up by the 2010 Dodd-Frank Act did not go far enough.

The amount of authority vested in...

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!