The Consumer Financial Protection Bureau is unconstitutionally structured and lacks authority to bring claims, U.S. District Senior Judge Loretta Preska of the Southern District of New York ruled on Thursday, departing from an en banc ruling by the U.S. Court of Appeals for the D.C. Circuit earlier this year.

Preska’s decision, announced at the end of a 104-page order, halted enforcement efforts by the CFPB in cases over litigation funding impacting 9/11 victims and NFL concussion claimants.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]