Consumer Financial Protection Bureau building in Washington, D.C. Photo: Diego M. Radzinschi/ALM
In a partial win for the defendants in the case, U.S. District Senior Judge Loretta Preska pulled from the dissents in a recent en banc ruling by the D.C. Circuit to find the consumer watchdog organization was unconstitutionally constructed.
June 21, 2018 at 05:44 PM
1 minute read
The original version of this story was published on New York Law Journal
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.
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