TCF National Bank—represented by a defense team from BuckleySandler, Williams & Connolly and Dykema Gossett—and RD Legal Funding are among several companies in the CFPB’s crosshairs that have seized upon a Washington federal appeals court panel decision last year that struck down the agency’s structure as unconstitutional. The divided panel’s ruling was vacated when the U.S. Court of Appeals for the D.C. Circuit agreed to hear the case, PHH v. CFPB, en banc.
The D.C. Circuit held oral arguments in May and is expected to hand down a decision in the fall.
