In a 7-2 vote on May 16, The Supreme Court ruled the CFPB’s funding structure to be constitutional. The court found that Congress has wide discretion to structure the funding operations of federal agencies. This ruling came...
Read MoreOn May 6, the CFPB filed a complaint and two proposed stipulated final judgments to require National Collegiate Student Loan Trusts and Pennsylvania Higher Education Assistance Agency to pay more than $5 million for student...
Read MoreOn April 5, Structured Finance Association submitted a letter in response to the NAIC’s memo from February 14, 2024, titled “Response to Written Comments on Holistic Framework on Insurers Investments”. The NAIC’s proposed updates to the...
Read MoreIn 2021, the Department of Justice (DOJ) reopened its long-running inquiry into alleged anticompetitive practices by the National Association of Realtors (NAR) which they are concerned might contribute to excessive costs to consumers for real...
Read MoreThe National Automobile Dealers Association (NADA) alongside the Texas Automobile Dealers Association (TADA) has filed a federal legal challenge against the FTC’s rule to combat auto retail scams (CARS Rule). The FTC’s rule was finalized...
Read MoreMichael Bright on 'On The Hill' - Analyzing Economy and Inflation Trends.
Read MoreOn September 3, the Supreme Court heard oral arguments for CFPB v. Community Financial Services Association, which challenges the constitutionality of the CPFB’s funding structure. Justices on both sides of the aisle seemed hesitant to validate arguments that the...
Read MoreJudge Matthew Kacsmaryk of the U.S. District Court for the Northern District of Texas, ruled in favor of the Department of Labor’s (DOL’s) 2022 rule, which allows retirement fund managers to consider environmental, social, and governance (ESG)...
Read MoreIn a speech on September 11, CPFB Director Rohit Chopra addressed the CFPB v. Community Financial Services Association of America case, which deals with the constitutionality of the agency’s funding structure. In his remarks, Chopra argued that...
Read MoreOn August 24, the U.S. Court of Appeals for the Second Circuit affirmed the District Court’s decision in Kirschner v. JPMorgan Chase Bank, N.A., ruling that bank loans are not classified as securities. The court’s latest...
Read MoreA federal judge in New York has dismissed a case brought forward by a pension fund, which accused Ocwen Financial Group and Wells Fargo of violating the Employee Retirement Income Security Act (ERISA). The judge...
Read MoreThe U.S. Court of Appeals for the Third Circuit has scheduled oral arguments in the case of the CFPB v. NCSLT for May 17, 2023, after being previously scheduled for March. The court’s ruling will...
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