Law Firm Cites Mulvaney In 9th Circ. Challenge To CFPB

Law360 (May 10, 2018, 8:41 PM EDT) -- A California law firm that's asking the Ninth Circuit to free it from a Consumer Financial Protection Bureau civil investigative demand pressed its challenge to the constitutionality of the agency's structure on Wednesday, citing recent criticism from CFPB acting Director Mick Mulvaney that the agency he leads "is far too powerful."

In a reply brief, Seila Law LLC, which is appealing a California federal court order compelling the firm to comply with a CID issued by the consumer watchdog last year as part of an investigation into an alleged debt-relief scheme, said that Mulvaney's introduction to a report released by the...

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