Court cases

Supreme Court won't hear bankers' appeal in credit union membership suit

06/29/20

The court's decision not to consider an appeal from the American Bankers Association is likely to be the last step in a legal saga dating back to 2016.

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Supreme Court strikes down CFPB leadership structure

06/29/20

In a split 5-4 decision, the justices gave presidents new power to remove the agency's head at will. The ruling could have far-reaching implications for other regulators with single directors.

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Fifth Third latest bank in CFPB crosshairs over phony accounts

03/04/20

The bank’s disclosure of an impending enforcement action shows that the CFPB continues to crack down on aggressive practices that got Wells Fargo in hot water.

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Supreme Court justices question wisdom of CFPB overhaul

03/03/20

The court’s liberal bloc and Chief Justice John Roberts, who holds a crucial swing vote, appeared reluctant to remove a contentious provision that limits a president’s ability to fire a sitting director of the bureau.

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Will CFPB be reined in? Chief Justice Roberts may hold the key.

03/02/20

John Roberts could play a familiar role as the swing vote in determining whether the Supreme Court curbs the consumer bureau’s power.

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CFPB backers tell high court that agency's structure is legal

01/24/20

Democratic lawmakers, state attorneys general and others filed briefs with the Supreme Court rebutting claims that the agency’s leadership structure is unconstitutional.

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Lawyer picked to defend CFPB before high court backs agency structure

01/15/20

The Supreme Court appointed Paul Clement to represent the agency after the bureau’s current director questioned its constitutionality.

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CFPB critics to Supreme Court: The agency must go

01/02/20

The case before the court deals mainly with a statutory clause limiting the president’s ability to fire a CFPB director. But briefs filed with the court say striking that provision does not fully solve the bureau’s constitutional problems.

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OCC files appeal in fintech charter case

12/19/19

In October, U.S. District Judge Victor Marrero ruled against the OCC in a case brought by the New York State Department of Financial Services.

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Supreme Court to hear CFPB constitutionality case in March

11/26/19

The high court scheduled oral arguments on March 3 in the lawsuit dealing with a president's ability to fire the head of the Consumer Financial Protection Bureau.

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