Latest News
Showing the Latest PHH Corporation v. CFPB Results
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D.C. Circuit Court Issues Landmark Victory for CFPB – Reaffirms Independence from Trump
Court soundly rejects attempt by Wall Street special interests to cripple CFPB by challenging its constitutionality. Court also reaffirms CFPB’s independence from Trump administration.
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Mortgage News Daily: What PHH v. CFPB Means For Us
But there are critics who point out that the divided court’s opinion was written by Judge Brett M. Kavanaugh, an appointee of former President George W. Bush and conservative stalwart whose jurisprudence has repeatedly provoked the ire of liberal groups.
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Bloomberg: CFPB Survives Legal Attack As Court Trims Director’s Power
Allied Progress, a Washington-based group that supports the CFPB’s mission, criticized the ruling as a victory for the same interests that “instigated and profited from” the 2008 financial crisis.
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National Mortgage News: CFPB Structure Is Unconstitutional, Court Rules
Karl Frisch, the executive director of Allied Progress, an advocacy group, said he expects the CFPB will appeal and the decision will be overturned by the D.C. Circuit. He also criticized Kavanaugh for handing down what he described as a partisan ruling.
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Housing Wire: “A Good Day for Democracy” or a “Reckless Decision”: Mortgage Industry Reacts to Watershed PHH-CFPB Ruling
The left-leaning group Allied Progress called out the judges in the case and questioned the legitimacy of the decision. “This decision really was no surprise, Allied Progress Executive Director Karl Frisch said.
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Common Dreams: Ruling Against Wall Street Watchdog Decried as ‘Reckless and Partisan’
A federal appeals court’s ruling on Tuesday that the structure of the CFPB is unconstitutional has been decried as a “reckless and partisan” attack on the independent watchdog agency.
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Politico: Conservatives Win Big in Landmark Ruling Against Consumer Finance Protection Bureau
Consumer advocates called the opinion politically charged, noting that Kavanaugh and the other judges on the case, Karen LeCraft Henderson and A. Raymond Randolph, are Republican nominees.
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Washington Times: Court Rules Consumer Bureau’s Power ‘Unconstitutional’ in Setback to Obama
Consumer groups were enraged, accusing Judge Kavanaugh of pursuing an ideological agenda in his ruling against the CFPB.
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Anti-CFPB Ruling, Result of Judge Kavanaugh’s Partisan Agenda
Kavanaugh’s reckless, partisan decision was written to appease his Wall Street cronies. There is no doubt that it will be reversed.