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Pending Supreme Court Decision on the Constitutionality of the Consumer Financial Protection Bureau’s Funding Structure Results in Stay of Civil Investigative Demand
Categories: Financial Services, Practice of Law, Supreme Court
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The United States Supreme Court’s pending decision in Consumer Financial Protection Bureau v. Community Financial Services Association of America Ltd., et al. (“Community Financial Services Association of America Ltd.”) in which the high court was asked to determine the constitutionality of the Consumer Financial Protection Bureau’s (“CFPB”) independent funding structure, continues to impact pending civil investigative demands brought by the CFPB.

On March 29, 2024, in Consumer Financial Protection Bureau v. Financial Asset Management, Inc., the United ...

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