Sam Bragg

Alston & Bird

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Second Circuit Deepens Circuit Split over CFPB Funding Structure

A&B ABstract: On March 23, 2023, the Second Circuit held the Consumer Financial Protection Bureau’s (CFPB) funding structure is constitutional. This decision comes on the heels of the Supreme Court granting certiorari to...more

3/29/2023 / Civil Investigation Demand , Consumer Financial Protection Bureau (CFPB) , Financial Services Industry

Supreme Court Hears the CFPB Declare Itself Unconstitutional

Our Financial Services Litigation Team dives into the oral argument before the U.S. Supreme Court that could decide the fate of the Consumer Financial Protection Bureau....more

3/12/2020 / Civil Investigation Demand , Constitutional Challenges , Consumer Financial Protection Bureau (CFPB) , Oral Argument , SCOTUS , Seila Law LLC v Consumer Financial Protection Bureau , Single Director

CFPB Changes Tack on For-Cause Removal Provision

A&B ABstract: In a reversal of its previous position on the issue, the CFPB publicly asserted last month in two separate venues that the for-cause removal provision of the Consumer Financial Protection Act is...more

10/7/2019 / Civil Investigation Demand , Constitutional Challenges , Consumer Financial Protection Act (CFPA) , Consumer Financial Protection Bureau (CFPB) , Removal For-Cause

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