CFPB Director Chopra Warns of Potential Disruption Tied to Supreme Count Case

In 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 an adverse ruling could be destabilizing and call into question a decade of CFPB rulemakings, most specifically around housing finance regulations. Oral arguments are scheduled for October 3, with the ruling tentatively expected next Spring.

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