CFPB Predicts DC Circuit Ruling Won't Survive Challenge
Agency, in North Dakota case, says decision addressing director's power was "wrongly decided."
A lawsuit in North Dakota federal district court could provide an early test of the reach of a federal appeals court decision that confronted what the judges called the "massive, unchecked power" of the Consumer Financial Protection Bureau. Lawyers in the case are fighting over whether the D.C. Circuit's decision last week should carry any weight in an unrelated enforcement action.
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