A federal appeals court on Tuesday refused to order the Consumer Financial Protection Bureau to start an investigation into a law firm from scratch, despite a U.S. Supreme Court ruling last term that invalidated the Obama-era agency’s leadership structure and raised questions about the status of pending probes.

The U.S. Court of Appeals for the Ninth Circuit ruled in the case Seila Law v. CFPB, the dispute that was earlier at the Supreme Court. The justices, who said the agency’s head can be fired at will by the president, and not just for cause, had sent the case back to the appeals court to revisit whether the agency’s “civil investigative demand,” or CID, had been validly “ratified” by the agency.

This content has been archived.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 Advance® 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]