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Administrative Proceedings Banks Constitutional Challenges

Orrick, Herrington & Sutcliffe LLP

Fifth Circuit upholds OCC enforcement action, finding Jarkesy ruling does not bar in-house proceedings

On September 8, the U.S. Court of Appeals for the Fifth Circuit denied a petition for review brought by two former executives of a failed Texas bank, upholding industry bans and $250,000 in civil penalties imposed by the OCC....more

Ballard Spahr LLP

Plaintiffs in another case challenging CFPB’s constitutionality move to intervene in PHH case

Ballard Spahr LLP on

The plaintiffs in State National Bank of Big Spring, Texas, et al. v. Lew have filed a “Motion To Intervene In Any En Banc Proceeding That May Be Granted” in the PHH case. The motion follows the D.C. federal district court’s...more

Ballard Spahr LLP

Court reported to reject request of plaintiffs in another case challenging CFPB’s constitutionality for consolidation with PHH

Ballard Spahr LLP on

According to a Law360 report, the D.C. federal district court has denied the request of the plaintiffs in State National Bank of Big Spring, Texas, et al. v. Lew, et al. to consolidate their case with PHH on appeal to the...more

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