On Friday the US Justice Department filed a brief in the PHH Corporation vs. CFPB case, siding with PHH. In that case the Court of Appeals for the DC Circuit has held that the CFPB was structured in an unconstitutional fashion (opinion can be found here). The case is now postured to be heard en banc (“in bench”) before a 10 judge panel. Oral arguments are now set to be heard on May 24. This one bears watching….
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