Nicholas Gess

Morgan Lewis

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Latest Posts › Constitutional Challenges

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US Supreme Court Upholds Consumer Financial Protection Bureau Funding Structure

The US Supreme Court ruled on May 16, 2024 that the funding structure of the Consumer Financial Protection Bureau (CFPB)—which is funded with money from the Federal Reserve rather than the US Congress—does not run afoul of...more

5/21/2024 / Constitutional Challenges , Consumer Financial Protection Bureau (CFPB) , Consumer Financial Protection Bureau v Community Financial Services Association of America Ltd , Federal Funding , Financial Services Industry , SCOTUS

Supreme Court: CFPB’s Structure Is Unconstitutional, Director Must Serve at President’s Pleasure

The US Supreme Court on June 29 ruled in Seila Law v. Consumer Financial Protection Bureau that the Consumer Financial Protection Bureau’s (CFPB’s) structure unconstitutionally insulates the agency from presidential oversight...more

6/30/2020 / Constitutional Challenges , Consumer Financial Protection Bureau (CFPB) , Dodd-Frank , Removal For-Cause , Reversal , SCOTUS , Seila Law LLC v Consumer Financial Protection Bureau , Separation of Powers , Severability Doctrine , Single Director

Another Court Upholds CFPB’s Constitutionality: Does It Matter?

The US Court of Appeals for the Ninth Circuit on May 6 upheld the constitutionality of the structure of the Consumer Financial Protection Bureau (CFPB). In CFPB vs. Seila Law LLC, a panel of the court determined that the...more

5/8/2019 / Constitutional Challenges , Consumer Financial Protection Bureau (CFPB) , Directors , Financial Services Industry

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