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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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Encouraging Signs from D.C. Circuit in PHH v. CFPB as Consumer Rights Hang in the Balance
Judges offer encouraging signs during today’s arguments that could have enormous impact on consumer protections.
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Justice Department Brief Challenging Consumer Bureau’s Independence Misses the Constitutional Mark
Attorney General Sessions goes to bat against CFPB for a Trump administration filled with Wall Street insiders and Goldman Sachs alumni.
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Reuters: U.S. Consumer Agency Seeks Full Court Review of Ruling Against Its Structure
“This is an important first step in the fight to overturn the court’s reckless, politically motivated decision that was designed to cripple the CFPB,” said Karl Frisch, executive director at Allied Progress, which has lobbied the bureau to tighten regulation of the payday lending industry.
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The Hill: CFPB Asks Full Court to Rehear Constitutionality Case
Allied Progress, a nonprofit research organization, called CFPB’s request Friday an “important first step in the fight to overturn the court’s reckless ruling.”
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Group Backs CFPB Push for Panel Ruling in Politically Motivated Case Cheered by Wall Street
CFPB seeks to uphold historic consumer protections, reverse ruling of D.C. Circuit Court of appeals by Republican-appointed three-judge panel.
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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.