In February, the Supreme Court agreed to hear Consumer Financial Protection Bureau v. Community Financial Services Association, reviewing a Fifth Circuit decision that could determine the fate of the consumer watchdog agency and its budgetary independence.
Jay Beitel expects the Court to ultimately issue a ruling similar to its decision in Seila L. LLC v. Consumer Fin. Prot. Bureau, when the Court wrote that its approach to confronting a constitutional flaw in a statute is “to limit the solution to the problem, severing any problematic portions while leaving the remainder intact.”
Read Jay’s full commentary, which was featured in the following media outlets:
- DS News – Supreme Court to Hear Case Challenging CFPB’s Funding Structure
- Law360 – 5 Things To Know About CFPB’s Latest Trip To High Court
- National Mortgage Professional – Legal Expert: Supreme Court Unlikely To Wipe Out CFPB