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Vindicated by Supreme Court, CFPB director says bureau will add staff, consider new rules on banks
Associated Press Finance via Yahoo Finance· 3 days agoThe opinion reversed a lower court's ruling and drew praise from consumer advocates, as well as some...
CFPB Wins at the Supreme Court | JD Supra
JD Supra· 23 hours agoOn May 16, the United States Supreme Court, in a 7-2 ruling, held that the CFPB’s funding mechanism does not violate the Appropriations Clause of the U.S. Constitution. As ...
Supreme Court Rules That the CFPB Is Constitutionally Funded | JD Supra
JD Supra· 23 hours agoOn May 16, 2024, the Supreme Court reversed a Fifth Circuit decision which held that the funding for the Consumer Financial Protection Bureau (CFPB) violated the Appropriations ...
Fintech lender SoLo Funds is being sued again by the government over its lending practices
TechCrunch· 14 hours ago“The CFPB is suing SoLo for using digital trickery to hide interest and fees on its online loans,” ...
Bank failures, new CFPB rules and other issues facing investors
American Banker via Yahoo Finance· 15 hours agoInvestors are facing recent pressure after Republic First's collapse, allegations of criminal...
CFPB to extend 1071 rule compliance deadlines | JD Supra
JD Supra· 23 hours agoOn May 17, the CFPB announced it is extending the compliance deadlines for the small business lending rule (Section 1071 of Dodd-Frank, the “1071 rule”), which will require ...
Supreme Court Upholds CFPB Funding Structure, Clears Way for Payday Lending Rule Implementation | JD...
JD Supra· 23 hours agoThe issue centered on the manner in which Congress decided to fund the CFPB when it created the agency as part of the Dodd-Frank Act in 2010. The agency is organized under ...
SCOTUS Opines in Favor of CFPB on Constitutionality of Funding | JD Supra
JD Supra· 23 hours agoThe U.S. Supreme Court ruled last week that the Consumer Financial Protection Bureau (CFPB) is constitutionally funded, ending a lengthy challenge by a payday lender to its ...
Supreme Court Upholds CFPB Funding Structure as Constitutional | JD Supra
JD Supra· 23 hours agoIn an opinion by Justice Thomas, the Court held, 7-2, that Congress may allow the Consumer Financial Protection Bureau (CFPB) to draw money from the Federal Reserve System ...
Supreme Court Upholds Constitutionality of CFPB’s Funding Mechanism | JD Supra
JD Supra· 23 hours agoWith these words, seven members of the Supreme Court upheld the constitutionality of the Consumer Financial Protection Bureau’s funding mechanism and forestalled the possibility that years of ...
