Litigation
Nov. 2, 2013
As it matures, Consumer Financial Protection Bureau's constitutionality targeteted
In a filing last week seeking to dismiss a civil action brought by the CFPB in federal court, attorneys for debt relief service company Morgan Drexen Inc. and its CEO claim the agency's powers are overly broad and lack appropriate checks.
Daily Journal Staff Writer
As the Consumer Financial Protection Bureau transitions from a nascent government entity enacted in the wake of the 2008 financial crisis into an agency exercising robust enforcement powers, a number of legal actions have emerged challenging the bureau's constitutionality.
In a filing last week seeking to dismiss a civil action brought by the CFPB in federal court in the Central District, attorneys...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In