News & Analysis as of

Dodd-Frank Wall Street Reform and Consumer Protection Act › Certiorari › Consumer Financial Protection Bureau (CFPB)

The Dodd-Frank Wall Street Reform and Consumer Protection Act is a United States federal statute signed into law on July 21, 2010. The Act was passed in response to the Great Recession of the late 2000s and... more +
The Dodd-Frank Wall Street Reform and Consumer Protection Act is a United States federal statute signed into law on July 21, 2010. The Act was passed in response to the Great Recession of the late 2000s and includes broad reforms related to many aspects of the financial and banking industry. Notable sections of the Act include stricter regulations of the derivatives market, as well as the Volcker Rule, which restricts the trading practices of FDIC-insured institutions.    less -
Orrick, Herrington & Sutcliffe LLP

U.S. Supreme Court receives cert petition regarding CFPB’s payday lending rule

Orrick, Herrington & Sutcliffe LLP on

On March 7, a cert petition was filed at the U.S. Supreme Court challenging a decision by the U.S. Court of Appeals for the Fifth Circuit on the CFPB’s payday lending rule. The petitioner, a financial services trade...more

Eversheds Sutherland (US) LLP

Supreme Court will review Fifth Circuit decision holding CFPB’s funding unconstitutional

Eversheds Sutherland (US) LLP on

The Supreme Court has announced that it will hear a challenge to an October decision by a three-judge panel of the Fifth Circuit Court of Appeals holding that the CFPB’s funding mechanism is unconstitutional. The Court will...more

Bradley Arant Boult Cummings LLP

Supreme Court Holds That Part of CFPB’s Structure Is Unconstitutional

Bradley Arant Boult Cummings LLP on

This morning, the United States Supreme Court issued its decision in Seila Law v. CFPB. Authoring the opinion for a five-justice majority, Chief Justice John Roberts wrote that the Consumer Financial Protection Bureau’s...more

Holland & Knight LLP

Supreme Court Wrestles with Constitutional Challenge to the CFPB

Holland & Knight LLP on

The U.S. Supreme Court heard argument on March 3, 2020, in Seila Law v. CFPB. The case involves a constitutional challenge to the structure of the Consumer Financial Protection Bureau (CFPB) by a California law firm under...more

Ballard Spahr LLP

SCOTUS hears oral argument in Seila Law

Ballard Spahr LLP on

The U.S. Supreme Court heard oral argument yesterday morning in Seila Law.  The two questions before the Court are whether the provision in Title X of the Dodd-Frank Act that only allows the President to remove the CFPB...more

A&O Shearman

Overview Of Cases Of Particular Interest Currently Pending Before The Supreme Court Of The United States

A&O Shearman on

Looking ahead, we preview cases currently pending before the Supreme Court—which have already been accepted for review by the Court—that may be of particular interest to readers of the Need-to-Know Litigation Weekly.  These...more

Ballard Spahr LLP

Seila Law and CFPB file briefs in U.S. Supreme Court

Ballard Spahr LLP on

Seila Law and the CFPB filed their briefs yesterday in the U.S. Supreme Court.  Both briefs address the question presented in Seila Law’s certiorari petition, which is whether the CFPB’s...more

Ballard Spahr LLP

SCOTUS sets March 3 oral argument in Seila Law

Ballard Spahr LLP on

The U.S. Supreme Court has scheduled oral argument in Seila Law on March 3, 2020. The question presented in Seila Law’s petition is whether the CFPB’s single-director-removable-only-for-cause structure violates the...more

Burr & Forman

Supreme Court to Decide Whether Structure of the Consumer Finance Protection Bureau is Constitutional

Burr & Forman on

On October 18, 2019, the Supreme Court granted the petition for a writ of certiorari filed in Seila Law LLC v. Consumer Financial Protection Bureau. In granting the petition, the Court agreed to take up two distinct issues....more

King & Spalding

Supreme Court Agrees to Hear Appeal Challenging Constitutionality of CFPB’s Single-Director Structure

King & Spalding on

On October 18, the U.S. Supreme Court agreed to review a decision from the Ninth Circuit that affirmed the constitutionality of the structure of the Consumer Financial Protection Bureau (“CFPB”). The CFPB is an agency...more

Ballard Spahr LLP

SCOTUS sets briefing schedule in Seila Law

Ballard Spahr LLP on

The U.S. Supreme Court has set a briefing schedule in Seila Law, in which the questions before the court are whether the CFPB’s structure is constitutional and, if it is not, whether the court can sever the provision in the...more

Foley Hoag LLP - White Collar Law &...

Supreme Court to Decide Constitutionality of the CFPB

Foley Hoag LLP - White Collar Law &... on

The Supreme Court has granted certiorari to hear a challenge to the constitutionality of the Consumer Financial Protection Bureau (CFPB). While the CFPB won in the Ninth Circuit, the agency has since changed its mind and now...more

Alston & Bird

Supreme Court to Decide CFPB’s Constitutionality

Alston & Bird on

A&B ABstract: On October 18, 2019, the Supreme Court granted certiorari in Seila Law v. CFPB to decide the constitutionality of the Consumer Financial Protection Bureau’s leadership structure....more

Saul Ewing LLP

Will Dismissal Only “For Cause” Be the Downfall of the CFPB?

Saul Ewing LLP on

The United States Supreme Court has granted certiorari in the matter of Seila Law LLC v. Consumer Financial Protection Bureau to address the question of whether the Consumer Financial Protection Bureau’s (CFPB)...more

Dorsey & Whitney LLP

The Supreme Court - October 21, 2019

Dorsey & Whitney LLP on

On Friday afternoon, the Supreme Court of the United States granted certiorari in the following four cases: Seila Law LLC v. Consumer Financial Protection Bureau, No. 19-7: (1) Whether the vesting of substantial executive...more

Ballard Spahr LLP

U.S. Supreme Court to decide CFPB’s constitutionality

Ballard Spahr LLP on

This past Friday, the U.S. Supreme Court announced that it has agreed to decide whether the CFPB’s single-director-removable-only-for-cause structure is constitutional.  The Court granted Seila Law’s petition for a writ of...more

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