SCOTUS

Supreme Court to take up FHFA constitutionality

07/09/20

The high court ruled June 29 that the structure of the Consumer Financial Protection Bureau violated the separation of powers.

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Supreme Court grants N.Y. access to Trump taxes, blocks House

07/09/20

The U.S. Supreme Court cleared a New York grand jury to get President Donald Trump's financial records while blocking for now House subpoenas that might have led to their public release before the election.

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CFPB declares most agency rules still valid after high court decision

07/07/20

The agency sought to provide certainty that most actions from the past eight years remain in effect despite the ruling that the bureau's leadership structure is unconstitutional.

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Outsourcing PPP, stress-test fallout, SCOTUS’ CFPB ruling: Top stories of the week

07/02/20

As PPP enters forgiveness phase, some banks see outsourcing as best move; after the Fed’s stress tests, Wells Fargo to cut dividend while other big banks boost capital buffer; Supreme Court strikes down CFPB leadership structure; and more from this week’s most-read stories.

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FHFA leadership structure on shaky ground after CFPB ruling

07/02/20

Legal experts say it is now more likely that the Supreme Court will strike down the single-director governance framework for Fannie Mae and Freddie Mac’s regulator.

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The high court's CFPB ruling; Wells to cut dividend in Q2

06/30/20

Supreme Court says the president has the power to remove the director at will; the bank is the only one of the six largest U.S. banks to say they will cut their dividend next quarter.

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After ruling, stage set for new battles over CFPB's future

06/29/20

The Supreme Court threw out a key statutory provision concerning the agency’s leadership structure, but the presidential election and possible legislative reforms could bring about more changes to the embattled bureau.

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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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No decision by Supreme Court on CFPB's constitutionality

06/25/20

With just 13 decisions remaining on the docket this session, the high court's highly anticipated ruling in a case challenging the agency's leadership structure could come as early as next Monday.

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